Normally, unless there are specific building code restrictions, the amount of units allowed on a lot is determined by the Floor Area Ratio. 

We also are very verse on the Property Code Laws of what legally we must do and what is just good business.So @Ian McClure to answer your question, it would depend on how the new tenant was on boarded and what kind of business the owner runs concerning his property

I'm not currently encouraging investors to do unincorporated JeffCo for that reason - they've become more strict/unfriendly over time.

You have to know the landlord tenant code regarding proper notices etc.  

@Kim Tran There isn’t a direct equivalent to a 1031 exchange for selling an investment property to purchase a primary residence, as 1031 exchanges are strictly for like-kind investment properties.

This can result in (huge) code violations, payments of illegal bribes and other shenanigans, all done under your watch.

I would anticipate about 40k gross per year based on what we get from the other STR, so I don’t think it will be strictly an appreciation play.

@Brad Herb Investing in a syndication via a Self-Directed IRA (SDIRA) offers tax advantages but comes with fees and limitations:Advantages:Tax Benefits: Gains grow tax-deferred (Traditional SDIRA) or tax-free (Roth SDIRA).Avoid Penalties: Keeps funds in the IRA, avoiding early withdrawal penalties.Diversification: Adds real estate syndications to your retirement portfolio.Disadvantages:Fees: Setup, custodian, and administrative fees can reduce returns.UBIT: If the syndication uses debt, income may be subject to Unrelated Business Income Tax (UBIT).Complexity: Strict rules; all income/expenses must flow through the SDIRA.Illiquidity: Syndications are long-term, locking up funds.Use an SDIRA if the investment is significant and the UBIT impact is minimal, especially with a Roth SDIRA for tax-free growth.Remember that RE, outside of retirement accounts, provides the biggest tax benefits.This post does not create a CPA-Client relationship.

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These are professionals with additional training and a stricter code of ethics.