My plan is to develop five 1,200 SF units, allowing tenants to lease multiple units if they require more space.Recently, a 62,000 SF medical building from a Reputed Hospital Name opened directly across the property, which reinforced my belief that a medical office setup would be a strong fit for this location.

This allows you to build a single family up front and a duplex in the back of the property, effectively creating a triplex with out all the extra building codes.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

In the lease termination, state the legal reason (compliant to Ab1482) for the lease termination and also state the that they will be provided one month rent at move out (AB1482 dives allow for GP forgiving the last month’s rent, but this has more risk in condition tenant does not vacate).

If you were to find mid-term rentals, I would suggest filling it up with Short Term Rental bookings in between MTR bookings Vegas has pretty strict STR rules thats why folks go MTR there and the HOAs as well most wont allow them unless its in a condotel type thing.

This can result in a significant increase in property taxes, especially if the property has appreciated in value over the years.The ATI exemption allows property owners to apply for a reduction in the assessed value of their property for tax purposes.

Quote from @An Lan: Hi FeliciaThank you very much for sharingWhat is the maximum unit size allowed under SB-9?

Finding a condo that allows Airbnb/STR will be challenging, they're rare and cost more because of it. 

I personally think it really depends on how much value will it add to the property and if the town will allow it. 

This will allow for him to at least get 100k.