In reading your passage, I can tell you are anxious to get started investing and seem to be trying to find a path to get started and flourish.  

Also if you're in an appreciating market then you'll have value add with just the passage of time.

The passage reads: "Management of short-term rentals does not currently require licensure as a real estate broker."

What do you (or anyone) make of this passage,  does it justify someone wanting to use the living room for 2 and 1 in each bedroom?

This will make the equity available for you in the event your cure the default, less and less with the passage of time.After 12 months or after of paying on the land contract you can do a refinance and it will be considered a rate term refinance.

@Phil McNally I agree that it is probably a rite of passage.  

I find that as I get older, it becomes a lot more likely that I would make the same mistake concerning the passage of time.

Seems like the rite of passage for a lot of people.  

@Scott Seydor I've been in dozens of Pottstown rentals and never seen a certificate like that passage describes.

However, the passage of Assembly Bill 363 by the 2021 Nevada Legislature requires the County to enact an ordinance regulating short-term rentals by July 1.CLARK COUNTY CODE ENFORCEMENT 4701 W.