(Heads up: He may ask for the address, so you may want to describe cross streets or the neighborhood you are considering up front in order to avoid being the one who outs that the seller doesn’t have a permit.)Last I checked, a county hearing is required and the STVR structure cannot be within 100 feet of any neighboring structure (using the GIS to get rough measurements may help you avoid an unnecessary call to Matt; if it’s closer than 100 feet, it will not qualify).

By knocking on that door you're basically saying that you don't really care that they obtained representation or thier reasons for doing so, you will impose yourself upon them regardless of thier wishes.

Most residential remodelers have OPTIMIZED there systems to deliver everything needed, cut-out all things un-necessary, so to reduce cost's there in reducing price, to give YOU the consumer a better service price. 

The viral surge has spurred growing numbers of cities and states to re-impose restrictions on indoor dining and attendance at theaters and other entertainment venues, among other things.

So you are looking at $1200 in totally unnecessary expenses in addition to have to make concessions to the buyer.

I wouldn't want to pay thousands for legal fees given that I just want to be reimbursed for $13,400 and for any unnecessary principal payments.

An auditor may impose penalties for not having everything set up and reported perfectly, but I'm not seeing where you'd actually owe any additional taxes, particularly if you have your business reported on your personal return rather than via a separately reported entity.It's not the way I would recommend you set it up, but the total tax paid still comes out the same, so may work out in the long run. 

So the tradeoff becomes creating a sufficiently high rate of return, while also not exposing yourself to an unnecessary amount of risk. 

I'm an STR agent in my market and the biggest thing that sets me apart is knowing the regulations imposed by the city.I get so many calls from out of state people saying "the agent told me I could STR this property".....glad you called me about it because I just saved your investment.Knowing managers, areas, etc should be a given, but what sets me apart is knowing the STR regulations. 

BB&T have told me they will loan up to $750k but they are imposing $150/unit/mo repair reserves (even for new construction) which kills my NOI and causes the DSCR and LTV to fail because I can't get rents up enough to compensate for $16k/yr being held in repair reserves.I need someone who will either trust me enough to be an investor/partner with me who has serious cash lying around and wants to entrust it to me (it would held by the bank though) or trust me enough finance me completely.