For example, after they've had some issues with parties occurring during reservations, they've passed a rule that says that guests can't book acommodations for more than 16 people and cannot throw a party.

@Brandon Ribeiro sounds like a solid structure for both parties.

I recommend finding good real estate agent, next part is finding good contractors, I would recommend asking your agent for contractor that is reasonable. 

This last part is really based on your state laws.

But you're going to have to use a third party in the area to go by and see if they did it.

A little Klingon is way too much; try it at a party and watch people flee fast. 

I reminded them that they have signed a lease and both parties (tenant and landlord) need to abide by the lease. 

I reminded them that they have signed a lease and both parties (tenant and landlord) need to abide by the lease.

Check Scotsman's Guide for those sources.If you look at 3rd party crowdfunding platforms, they make you use their docs/underwriters, and you basically become a sales agent for them even though you must tablefund the loans. 

The property is located right next to a community college that attracts more 25-35 yr olds as opposed to the local party college.