. - Technology and how to leverage for sanity and scale - Negotiations - Contract law, state statutes and contracts - Personal empowerment and how to treat everyone with respect even if you don't       do business with them, in order to earn business later and referrals and resources - presenting offers, not just making offers - asking for the business or sale - title vs escrow vs attorneys - not necessarily vs but pertaining to how different     states require for closings, etc. - fiduciary vs functionary - NOD or foreclosure process - state by state(focused on area of desire) - mortgage(Judiciary) vs trustee sale(non-judiciary) states - capital gains vs cash flow - OPM, OPC, OPT, OPMii, OPE - can explain later  - entities and general asset protection including llc, llps et al to include land                   trusts(anonymity tool - no real protection, but great function)  - creating, buying, selling and trading notes to include discounts and partials  - mobile homes and everything around them - financing, parks, history and    opportunity - cash flow monsters - tying up land for monster plays - still learning this, but I share everything I know as     time allowsGlad to share more as you are interested.Regards, Coach - Mark Collard

But not 2-4 unit properties with an ADU, and not on a SFR with multiple ADUs (that's how I know that precisely zero MLOs were involved in the drafting of that landmark California legislation pertaining to ADUs).That guideline could change in 2 or 5 or 15 years, but that's speculation.

@Maria G.Put it in writing (either email or paper); provide copies of the city's letter as well as the HOA covenant that pertains to the exterior space. 

With all conversation pertaining to the potential consequences of lending money to a friend/family left off the table (lets just assume that I've considered all the risks/implications), I'd like to know information about how a contract might look.Anyone willing to help/make suggestions? 

I'm in agreement with other posters so far, especially about getting advice that pertains to  your personal situation from a qualified tax person.

Have you guys had to deal with any restrictions pertaining to Airbnb? 

I have a LTR, and I use the standard lease for my state, along with addendums that I added pertaining to pets and house rules such as smoking.

I recently became aware of the law in California pertaining to how much interest can be charged. 

My main concern pertains to house-hacking a SFH as a self-managing landlord.

Is second home seen as sort of a primary loan in a sense pertaining to insurance?