Basically, more than a certain amount of STR and MTR in the same building were considered a hotel and I would have had to have 24/7 staff on site.Were you able to get around that with the local municipality?

My concern is doing the cash out refi on my other rental and causing a new and much higher payment on it that I can't just pay off like a loan.

In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc.

At least a third of them are Class D.DM us if you'd like more info on which Metro Detroit Cities & Neighborhoods are what Class:)

We are also listed on AirBnB and Booking.com, and both of those are fine. 

Or maybe it's on a ridge with a view.

I need more advice
Just now I suddenly had an idea, the land left by the LA fire and SB-9 (SB-9 allows single-family residential lots to be split into two lots)
Is this a good opportunity?

With on market deals like this, there are two scenarios: 1) you see something that no one else sees OR 2) everyone else sees something you don't

In this case, since they are borrowing their payments, these would get added to the principal balance each month, and interest would be calculated on that.If, for example, the interest rate on the note were 10%, they would implicitly be borrowing their payments at that rate.

You can also find many here on BP.