#1 Do I have to go back to the bank in first lien position to ask for permission to have a second lien LOC on the property?

I have a rental property in Arlington but the area is not good for AirBnB as it’s too far away from the good stuff, so we are looking at Leasing to Sub-lease with the owners permission obviously in all transparency.Let me know how your experience went and if you have any AirBnB questions let me know as we might be able to help you guys out.Cheers, Francisco

Tenants ARE allowed but only with landlord permission. 

So, I talked to their attorney, with their permission- the current owner I mean- and she said that with a few hours of work, the condo, covenants and hoa could be setup.

ACTUALLY, it may be that you only need the owner's PERMISSION to list. 

So wrong for a tenant to Airbnb without proper insurance and landlord’s permission.

@Jayr Ruiz - If you want to do it (with your landlord's permission), you could run some numbers, present them to him and offer to cut him in on the extra money.

I’m not an attorney and don’t give legal advise, but I will say that sometimes it’s better to ask forgiveness, than to ask permission. 600 sq is to small for a two bedroom.

Basically giving permission for the lien to be placed.

If you do this, make sure they know that you will be conducting a FINAL walk through, that this walkthrough is a courtesy, and they are not permitted to do any repair work (if it needs any) on the property without your permission, etc.