There are less restrictions in North Las Vegas and Henderson.The city is very protective of the big casino/hotel operators, and rightfully so. 

Hey BP community, wanted to know if any of you have any good resources that clearly map out laws/stipulations of operating an air bnb out of a property in Westchester, NY?

Hi, I own/ operate handful of residential properties in the Marion county / sumpter county area (within 30 minutes of the villages).

I am not making any conclusions just doubting, as previously mentioned, if a 30 year conventional mortgage (nonconforming, but standardized within the banks operations somewhat), necessarily excludes renting it out. 

Just make sure to account for any additional operating expenses when projecting your cash flow.

When analyzing your offer, make sure to factor in operating expenses, rehab costs, and vacancy rates.

You will want to structure the LLC operating agreement where the lowest credit scores own the least in the LLC.

@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.

Quote from @Bob Dole: Quote from@Ronald Rohde:  It represents more risk than they need to take. unless its a gross operating business like multifamily or SS, single tenant has a lot of risk already. 

Depends on what kind of property you are operating.