Indeed, the FAIR ordinance is anything but fair to non-corporate landlords, seemingly punished for investing in rental houses to generate income as an alternative to stocks and bonds.A handful of opportunists likely could learn to exploit these new rules, preying on otherwise law-abiding landlords to obtain legalized shake-down payments.

I would be amazed, shocked even, if a traditional financial institution was willing to lend on a non-habitable asset up to 80%. 

Profitable months cover non-profitable months, so budget and expect it.

I’ve used public records in Texas to identify estates in transition.

At first glance, it seems title just wants you to be a member-manager which hopefully is an OA modification (not public) that can be amended back later if you want to for whatever reason.  

You need some sort of insurance that covers non-owner occupied properties, whatever it might be called.

Just the other day I saw someone had used black sheet rock screws in the hangers on a brand new deck (non-permitted obviously, and not a single lag or any flashing on the ledger board, and they painted it immediately before the pressure treated lumber had even dried out so that’s going to peal in the first year, at about the same time that those sheetrock screws start to rust lol). 

There are a few areas (like mine) where a closet is considered a requirement, but it isn't actually a major thing across the country.Having said all that, I don't think a non-qualifying bedroom can't be listed as a bedroom in the listings on VRBO and AirBNB. 

Of course I dont know if he taps into satellite internet and is still involved but he has had a ton of incredible adventures the last year from what I saw. 

As a business owner it's wise to hedge against cash flow and a potential non-paying customer.