The more I look into lease option, the more of a specific, niche market it appears to be, especially with the nuances of the legal ramifications if done incorrectly.

That’s fine too.  100% incorrect.

Most of my payments were early, and there were a few times this caused them to reconcile incorrectly and send late payment notices but the errors were quickly corrected.

Assuming if you're already approved for STR usage you are grandfathered in, correct?

A lot depends on how correct, or incorrect your installation.

Dave is correct -- If your appreciation is incorrect, you will be in deeper doo doo.You can write off losses to lessen the pain.

I read the code when this was all happening (many months ago) and I believe the city council is incorrect and suspect it is why the construction has halted.  

How do we prove someone's feelings are incorrect? 

This is just plain incorrect.  

@John DeanIf it’s going to be owner occupied then you should use a loan servicer as its required by law in most states and for every incorrect statement you send every month you are committing CFPB violations and if the borrower defaults you are technically not allowed to collect interest - in some states if they have a good attorney and default they could wipe you out in legal fees…My bigger question is why would you seller finance?