MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

I'm looking to build around 700 sq ft 2 bed / 2 bath guest house primarily used for short to mid term rentals.

Is the mid term rental business that you have a 'rental arbitrage' business?

I am a long-term investor, but I also provide services to long-term investors, so my advice is biased toward that option.  

Property values here have a steady history of growth, making it a reliable market for long-term investment.2.Tenant-Friendly Laws: While this might seem like a challenge for landlords, tenant-friendly laws create a stable rental market.

.- Institutional Capital & Private Equity: By moving from hard money to institutional financing, you can secure larger credit lines with better terms.

Thank you in advance for any help One thing I've seen with policies through NREIG is that investors have basic perils/actual cash value coverage only and aren't aware. 

What would one of you suggest for a medium term operator whose tenants may be over using a specific utility like gas or electric.

Once you do this conversion you can't change it back to a traditional long-term rental.