The unbanked can get a pre-paid debit card at walmart or circle K as long as the card permits ACH debits it should work.

How user-friendly is Garden City in regards to permits, building, and out of state investors looking to develop condos or multi-unit properties?

(Also look at what permits are required.

@Edward Kuk - Here is part of the code13-160-050 Minimum number of exitsThere shall be not less than two exits from every building, floor, space or room, except that one exit may be permitted from any room or space under the conditions outlined in subsection (a) through (b) of this section; and one exit may be permitted from a floor under the conditions outlined in subsections (c) through (o) of this section.d.

Plus you're talking months to get quotes, the permits, do the work.

Agreed with Luke on that one, It would be easier to pass a kidney stone than acquire and permit a cash flowing NOO STR in Nashville. 

I think you need to check with your local rules or permitting office. 

FHA Loan Rules for Airbnb PurposesFHA loan rules do not permit rentals of living units in the home purchased with an FHA mortgage if those rentals are for less than 30 days.

There are other factors that go into the equation but I won't get into the details.Also, I see there is a permit from 2021 for the renovations on this property so more than likely the city reviewed the number of units.  

I imagine the bathroom would only be acceptable in the 7' area if you wanted to get it permitted.