@Adam Meredith thank you for bringing the harsh reality to life.

probably less drama then a duplex.

The areas of AirBnB legality have been a murky environment since its inception, otherwise the company, hotel industry, cities, states, building owners wouldn't all get involved in a drama soup of argument.

It's a bit harsh in winter, but summer is awesome.

. ;) I personally hope to apply the same idea to getting involved in the local drama theatre group.

I can see it working.Its so funny I am so risk adverse as I never want to think I am going to have a default.. just not wired for that drama anymore...

You can tell from my earlier post I agree with his sentiment and I would give his view extra credence because he knows the property (versus I only knew the numbers).I suggest if you can still get out of the deal without super harsh consequences that you consider doing so. 

Even though other factors could make new development a harsh negative, it's important to look at the macro environment so that you can answer the question, "why are builders developing more units here?"

Maybe an unpaid landlord or other debt, maybe domestic drama that will almost always follow the candidate into your place.

In a multi, I would think there would be even more drama of the tenants not getting along with each other.On the west coast CAP 10 is more common.