You can't invest in any transaction that involves an immediate family member, you and your family members can't benefit from the investment in any way (directly or indirectly), and you are not allowed to provide any services to the plan; all transactions must be "arm's length."

Rental revenue and second home is covered, but doesn’t say short term explicitly

In California you also have to worry about rent control and not violating the rent-increase caps for your jurisdiction through new utility billings on a preexisting tenancy where utilities were previously included.The cost for third party billers is minimal and they'll help you get your arms around all this if it sounds too complex.

Now that the city's below sea level flood plain is common knowledge and it costs an arm and a leg to insure those buildings its not desirable anymore. 

Nothing explicitly prohibits it if you start an STR and later change your plans.

Why would someone find the need to submit an arm's length transaction?

Every year, less than 10% of homes are sold as FSBOs (for sale by owner) - and less than half of these sales are "at arms length" - meaning that the other half are sales between family members or close friends, etc.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Hello everyone,I've been researching ARM lenders for about a month and looking for lenders charging the lowest rates, FHA or Conventional are fine. 

By focusing on branding and marketing, optimizing revenue management, cultivating a winning mindset, and staying attuned to design trends, we left the conference armed with the knowledge and confidence to thrive in the competitive world of short term rentals.Plus, I got to make some new friends out there!