Many likely have concerns about the impact of upcoming STRO (Short Term Residential Occupancy) Ordinance in San Diego and how it will affect rents/values. I work on a team with the Managing Brokers at Class Realty G...

Did you vet that they were a specialist in real estate when hiring him/her.If you are both arguing on a specific topic, you both can go through the tax codes, treasury regulations to provide support of why one is right / wrong.Section 469 discusses passive activities.Best of luck.

I have seen these strict rules which makes me weary but, also notice a ton of properties listed on Airbnb within a 2 mile radius from my property.

Were there any amenities that went with the park or strictly land? 

One rehab was strictly cosmetic, the other was cosmetic and a partial chimney rebuild. 

In addition, I would have large concerns about STR regulations impacting your plans to STR in the Bay Area.  

The reason for the question, is that after the Surfside collapse, the county is being extremely strict with 40 year recertifications.

If the renovations were all internal they may qualify for Qualified Improvement Property (QIP) or Tangible Property Regulations (TPRs) also called the Repair Regulations.

Friendly or strict?

.- The VA has pretty strict requirements on the properties they will finance.