As a result, my credit limit has increased exponentially.

So far we have tried Saturdays and Sundays with limited attendance.

But I'm not sure about liability if people would be walking through my home to get to the roof deck, using my bathroom, drinking alcohol, etc. 

You may not be able to limit the occupancy to two people for a two bedroom property. 

But if someone has a limited budget and true determination (or in my case, true desperation,) it is a path that can succeed.Good luck.

. , You are risking both the activities with each others liability.

When I invested out-of-state last, I had it in my personal name which I now know can open you open to liability. 

CPA pointed out that while it adds complexity to banking and bookkeeping, running the LLCs as separate businesses and separate banking bolsters their position as LLC's in the event of actual Liability issues that would be better contained in on LLC.

This basically made a lot of SFR or duplexes being used as short term rentals limit their income potential and made the income on par with what you could get with long term tenants. 

Some areas of the northern section of 35207 are alright.Any other areas within the city limits are ripe for the pickin.