In my experience, a property with multiple cottages and outbuildings can provide all kinds of creative strategies...some folks try short-term rentals or even specialized retreats if local regulations allow.

It’s also worth diving into local regulations and HOA rules—they can shift quickly in coastal markets like this.

This is related to lending laws/regulations created by the Dodd-Frank Act in 2010.

@Hamidou KeitaTo build a duplex or ADU in Tucson, verify zoning regulations, obtain construction estimates, budget for unexpected costs, research market rent and vacancy rates, calculate ROI, consider neighborhood and property value trends, analyze construction timeline, consider exit strategy, and consider a backup plan.

Let's check the Regulations 1.21-1 which clarify Section 21.

That doesn’t go unnoticed by regulators.

If the title company won't respond, contact whoever licenses/regulates them in your state.

If the tenant fails to establish their own policy, enroll them in your renter's insurance policy and charge it back to them.

As an appraiser I’ve appraised a handful of properties recently that are outside of city limits and operating successfully as STR’s that don’t have the same regulations as the city of St Pete.

However, it was a blessing in disguise because I have learned what NOT to do and have worked hard at establishing what they offered on my own with my own VA's and it has been less expensive and more profitable.