No special tax treatment that I have ever heard of related to just short term rentals.Yeah I was going to the short term rental committee meetings downtown and the laws they were proposing didn’t look good either so I backed out of purchasing  a few properties I had lines up.Now they terminated the short term rental committee that was tasked with writing the new laws as they are letting what is going on at the state legislature level to run its course first.Do you currently own any short term rentals?

I still haven't had a chance to read any of these, honestly, I don't think I will until they pass committee, but did find some other interesting legislation:SB 278 offers an expedited method of exercising the power of sale clause on abandoned properties.

According to her LinkedIn profile (which was updated yesterday), she is a member of the following groups: Vice-chair, Republican Party of Kewaunee County, Executive Committee Member, 8th Congressional District Republican Party of Wisconsin, Member, Republican Party of Wisconsin, Republican National Committee http://www.linkedin.com/in/heatherblish So, while you may not consider her having an affiliation, she certainly does!

From the planning committee, its code is pretty strict on STRs, but the biz tax website (http://www2.oaklandnet.com/w/OAK055544) is all about collecting STR #. 

I would recommend setting up a team:RE Lawyer/Title RE AccountantProperty ManagerMortgage Broker and/or BankerProperty (Home) Inspector / Construction Engineer ( 50 units or more)If the PM does not have an insurance agent then getting one for yourselfRealtorLitigation Attorney that specialize in EvictionsOptional but recommendedLike Kind Exchange ManagerChamber of Commerce rep ( Development Committee member)City Council memberAsset Attorney/ Accountant for if you plan on doing a private offering or syndicating funds.Hope that helps, having a team in place helps a lot for big deals. 25 k

I know because I was chairman of the municipal rehabilitation and redevlopment committee in my community.

then, if and when i have so much outstanding debt with them, it would go to the committee for approval.

What is the likelihood of a zoning committee allowing a change of use to a 8-plex (or more)?

Many times historic preservation committees are only concerned with the exterior appearance of the building, meaning you may not be allowed do things like add onto the structure, use vinyl siding, and you may be limited on the style of doors and windows that can be installed, etc.

Or the committee could have just decided - no.