I know we generally talk about redlining in terms of access to mortgages and other financial instruments, but doesn't NAR have some policies around it too and how real estate agents operate around the topic?

Quote from @Ben Russell: Although I agree the leases and the legal implications of "Mid-Term" rentals and "long-term" rentals are closly related, I don't think the leases should be identical. 

That's the type of effort it takes from a GP if you want to see more favorable splits and even there I was unable to reach your intended 75/25 objective.

A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

Tourism keeps short-term rentals booked, while long-term rentals offer solid returns at a lower price point with steady demand.

But let’s be real—people use these terms interchangeably all the time, often without realizing the distinctions.

He owned a duplex, and one of the long-term tenants had built a small deck out back without permission.

Let’s break it down:Loan: $300,000Base Rate: 8% (P&I: $2,201)Buydown: 1 point ($3,000) lowers rate to 7.75% (P&I: $2,145)Monthly Savings: $56Break-even: ~54 monthsHolding long-term?

That's why I would target them a week before foreclosure sale and put all effort on homes that were all but certain to go off the hammer. 

In terms of the permitting process, an architect that can self certified drawings would reduce the wait time to receive the permit.