A tenant with a permitted pet asked if she could hang her own pet door on the existing hinges and store the existing door. 3.

2- For the downpayment (40,000)- I have 15,000 cash and for the rest a) I can get a HELOC on our existing home, b) cash out mutual funds or c) take an early withdraw from retirement  savings and payback up to 30,000 with out penalty. 

You should have learned all your state landlord tenant regulations before beginning your rental business.

The $40K in improvements will be depreciated, but also the existing portion of the house that is now the airbnb unit would also be depreciated. 

Would be curious on some of the strategies used to regulate tenants use of Airbnb.

Some places will let you register/retrofit an existing unit provided it meets current code (or met code or fire compliance).

I'm only nearly 5 mos in on my venture but we need to carry the following for our residential care (assisted living)  licensed for 41 beds - but we can hold 36 beds in our current configurationGeneral Liability (We buy through an independent broker - basically covers medical malpractice, any slip/falls etc)Workers CompAnd even though you arent interested - Non owned auto insurance in case staff use their own vehicles to run an errand etc, building insurance for wind/hail etc inc general property liabilityAll of this runs around $33k to 36k a year for us - thats before health insurance for us etc - Work Comp is the most expensive part of that mix.Your best bet is likely not to find the coverage by calling yourself - you'll just waste your time - find a broker that can sell you this insurance - as far as limits - some of the limits are state mandated and will be in the regulations. 

If owners don't treat the LLC as a separate business, a court might decide that the LLC doesn't really exist and find that its owners are really doing business as individuals who are personally liable for their acts.

Option 1: New utility meter ---> Cost will heavily depend on the configuration of your existing gas lines. 

The existing strip malls do fairly well and don’t see them going out of business any time soon so can’t really see anyone else moving into the local space.