Just seems like an odd business practice to shovel everything under the rug.

We don't practice discussing the details of private transactions publicly, thats just not good business.

However, if they are still considered a short-term guest under lodging rules, you may have more flexibility, though the specifics can depend on local regulations in Seattle.Since this can become a legal gray area, I recommend documenting all agreements, payments, and communication with the guest.

It's a detailed perspective on how private lending works, with practical strategies for building wealth through this niche.

Is it not the actively working and realistic practice used all the time?

STR regulations have been a VERY hot topic here for the last year (and even beforehand).

Your idea of using a second home mortgage for house hacking is both creative and practical, especially given your flexibility.

Quote from @Derrick Lewis: I looked up NY state law just for fun and found a good list of recommended practices.

Just because a technique for acquiring or earning money is popularized by gurus and practiced unethically by the gurus students does not mean that the technique itself is a scam, unethical, immoral, or that the participants aren’t honest.   

Hi BP Community,I’m looking into my first out-of-state multi-family partnership with someone that already has experience in the local market and connections to the operational teams required to make out of state inves...