Much of my career for the last decade has been in Cybersecurity, and we feel the same about DOJ and regulations around incidents. 

Those types of conversations or tactics are now going to be regulated.   

I do NOT trust “regulators”.

Pick up the phone or stop by local code enforcement offices to make sure that you have a crystal clear understanding of local laws and regulations.

Wholesalers are not regulated by Real Estate Agency, therefore not required to abide by certain laws and disclosures.

As with most municipalities and jurisdictions, the evolution of the AirBnB market has spawned regulation and restrictions on where, when and how a STR can operate.

Follow your state regulations on notices but do everything you can to avoid an eviction.

I also doubt very seriously that any brokerage/custodian is going to allow this kind of loan with 401k assets; it's likely going to need to be a 401k general purpose loan, which is highly regulated (as someone else mentioned). 

That would bypass many city/state regulations that force landlords to rent to people here illegally. 

3️⃣ Local Regulations: Before you invest in a short-term rental, it's essential to understand the local rules and licensing requirements.