A short term rental is technically a hotel and falls under hotel laws.

larger assets like hotels, apartments, land development, self storage, retail?

Warren Buffett’s Berkshire Hathaway, Donald Trump’s luxury hotels and skyscrapers, and Oprah Winfrey’s Montecito estate, "The Promised Land," all reinforce the undeniable power of real estate in building generational wealth.My journey into real estate was far from conventional.

why not develop something more proven like hotel on portions of it and make this a larger development and carve out pieces?

We have a 28 unit hotel we're currently working thru the process on.

What are the rules for removing this person, as I understand it he falls under hotel rules, not the landlord tenant act.

A common mistake in my area is to ignore Hotel Occupancy Tax.

I think the right investor would do 2 units long term one unit short term. this strategy allows you the greatest flexibility. we are also developing an extended stay hotel that's 58 rooms. the size of the average room in that is 216 square feet and rents for a target $80 per night. our development cost per room is 100k per room with hard construction. the smaller you go the more money you make. if I was to suggest anything it would be to focus on the smaller part of the market and on multiple unit dwellings and finding and identifying markets that meet similar numbers. that will probably be midwest markets.

However, differentiating your unit will be difficult so you will have to compete on price, and you are somewhat competing with hotels.

Tenant is now saying that she’s in a hotel because the issue is getting worse and that the apt has had roaches for “years”.