Residential conversions are costly, so working with an experienced architect and contractor specializing in adaptive reuse is critical.

They were perfectly acceptable 20 years ago, but now many areas are limited to one guest per calendar month. 

They view each loan individually and have been lending to me even though I only work my W-2 on a limited part time basis.

If the property was misrepresented in the sale documents, there could be grounds for legal recourse, though this might be more challenging after the rehab.In a similar situation, I’ve seen investors focus on maximizing their returns by operating within the legal limits (e.g., as a single-family or duplex) while still exploring long-term solutions with the city.

If he needed something beyond the standard business forms and Schedule E, I could give him limited access to my Baselane portal, just like my bookkeeper had limited access.

Position these as limited-time deals to attract budget-conscious travelers.Be Responsive and Personable: Guests often book based on their interaction with a host.

You need a firm estimate for the remainder of the work as your funds are limited (like most people who don't have an endless amount of money). 

Personal usage will limit the loss in 2023, as mentioned in the reply.

It's very limiting to only be able to rent 3 months or more minimum.

In 2005 I began a second fund with the same criteria, and similar results.These funds were finite life 3 year funds; the original fund was renewed twice by a vote of the investors (unit holders - limited partners) and the second fund renewed once.