Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

Aloha from Hawaii Yehuda,I am a licensed property manager here in Hawaii, but co-hosting (the way that you're talking about it) and short term rental property management are essentially the same.

Essentially, I am looking to see if there is anyone who works at a brokerage where that is their primary focus I was hoping someone on here could direct me on who that might be.

However, strict compliance with IRS rules is essential to avoid penalties and preserve the tax advantages.Best of luck with your investment!

For example, tenant selection is crucial to minimize issues down the line, and it's essential to know fair housing and landlord-tenant laws, especially if you’re considering investing in a state like California with stringent regulations.You may want to consider starting with one property and exploring property management services if things get busy.

@Kayce Tackett I've been doing a strategy with buyers that is essentially a double close.

Here are my top 5 essential tools that every investor should consider using:1.

Given this, it's essential to have a real estate attorney involved in the transaction.

If you are new and want to go about if on your own, and your Uncle or Brother or Friend is not your GC, expect what's called in business "Bad Debt Expense" which means essentially that you need to lose money until you learn how it's done and get proper ppl in place.Good Luck. 

Quote from @Joe Yobaccio: @Chris Seveney I am trying a simpler version of a loan partial, but want to keep my name on the note and Colllaterlize it for safety of a lender and would like some feedback on the terms.