You may also find certain markets where alternative rent strategies (MTR, STR, rent by room, etc) produce enough extra income to justify the increased work involved but the difference in income from the different rent strategies in many markets is just sufficient to justify the increase in effort involved.$100k is going to be challenging in coastal CA cities.  

The best part about it is most of our houses can sleep 10+ and it collects everyone's info, not just the person who books. 

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

I know many companies that do this. this would not be a security as long as you they are not getting profits from the deal and are financing the transaction as a standard loan and recording a deed of trust.Some good info here on a note:The Court provided four factors to determine if a note sufficiently resembles the types of notes that are not classified as securities.

Now people will say “of course you’d tell someone that, you do mortgages”…I also have a conscience and want to be able to sleep at night haha.

You need to have the income from the property after expenses have sufficient income to cover escrow payment and expenses to break even or to cash flow a little bit. 

It is currently 1100 square feet on the first floor, 1100 square feet finished basement, and 300 square feet sleeping loft. 

I spoke to a local lawyer who mentioned keeping all documents together instead of seperated, as being sufficient enough to cover all legal issues.

However, these factors alone may not be sufficient legal grounds to terminate the lease unilaterally.

I think the intention was for the 2nd "sleeping area" to the left side to be for guests not for a permanent occupant to use.