From the beginning of the discussions though Buncombe County has said that the regulations will only apply to STR owners who apply for a permit after the application window closes, meaning that you should have nothing to worry about if you buy soon enough and then apply for the grandfathering during the window of opportunity.

The capital stack especially in CA is VERY complex and typically involves everything and more that you mentioned.

“How” they live together is more involved.

Same applies with any other State, check Licensing, BBB or Corp Lic.

You can self finance or you can apply for a DSCR loan.

It is what it is - if anything you lose a little and learn some lessons going forward to apply to your real estate investing career. 

If you have family get them involved...sell FB marketplace and eBay for a year and they can do that from home.   

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Many real estate agents dabble in property management without fully understanding the complexities involved, making it risky to work with them.

If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.