The town treats it as a commercial lodging property so it's exempt from heavy-handed local STR restrictions.The sellers have been open for biz only part time in their retirement.  

If you were to move more towards a luxury rental you could likely get $600/month extra but your entry price would then be around $425K.

Purchase price: $550,000 Cash invested: $200,000This is my luxury glamping site near Houston, Texas called Cameron Ranch Glamping.

Part of it is my tenants believe me when I tell them they are not going to get $0.01 from me, the eviction will make it difficult for them to find lodging forever, and I will do my best to garnish their future wages.  

The floor guy suggested me using luxury vinyl (I think also called SPC) for all these areas. 

I was an on-site sales agent for luxury boutique buildings.  

The ultimate goal is to build couple of A-frames for luxury cabin in the woods STR.

Anything helps, per this example we could say:A single family home that is not builder grade but not luxury so in the middle being 1,600 sqft, 3 bed, 2 bath.Also a:duplex that is 2000sqft vertical build that is identicle layout on floor 1 and 2. each unit would be 1000 sqft and 2 bed, 1 bath.To note, the loan on property 3 is a DSCR loan because there is not 2 years of stable income from me because I am still in college.If there is anymore info that could be needed please let me know. 

Property is exempt from STR permitting because the jurisdiction considers it to be a commercial lodging establishment.We've been pursuing an SBA 504 loan for it, which was going well until we discovered that the sellers have operated it only part-time the last 12 years -- intentionally blocking 60% of available room-nights because they just weren't up for running it full time in their retirement. 

They indulged in luxurious residences, high-end vehicles, and extravagant vacations, all while their investors faced mounting financial losses.