For me personally, I would leave it a loft so the renter could have a playroom for kids, office space, family room, etc.

The thing I've found with tiny houses is that the outdoor space has to be amazing (design and view-wise), or it struggles.

That means calling the inspection office to see if they have an open permits, if it is in fact a legal x unit, does it have any housing violations, has their been any police activity near the property, have any of the current tenants had an eviction on their record.

Personally, I wouldn't spend money on an attorney because 1) I think the covenants/restrictions can sensibly be used against STRs and 2) because the HOA potentially has deep pockets if the officers decide to fight because they can pass the cost of the fight to the home owners.I would reach out to the officers to get their sentiments and to plead my case, and I would start building my case with the other homeowners. 

Chat with a trusted loan officer to figure what the numbers would look like.

We meet with the tenants at our office.

My small 4 unit office building has been much harder to rent out than my residential units.

I actually have two options for this property: 1) Rent out the existing 25 storage units AND rent out the building plus add the 25 additional units out of pocket.OR 2) Rent out the existing 25 storage units and added the 25 additional units out of pocket to rent them out BUT keep the metal building for my GC business to where we have offices and storage for building materials.

DJIA Percent Change (%)​PresidentDate of InaugurationLast Day in OfficePercent Change (%)Annualized Return (%)Johnson11/22/631/20/196930.95.3Nixon1/20/698/9/1974-16.5-3.2Ford8/9/741/20/197723.48.9Carter1/20/771/20/1981-0.9-0.2Reagan1/20/811/20/1989135.111.3Bush I1/20/891/20/199345.09.7Clinton1/20/931/20/2001226.615.9Bush II1/20/011/20/2009-24.9-3.5Obama1/20/091/20/2017149.412.1Trump1/20/171/20/202157.312.0Biden1/20/211/20/202526.47.7​​Median26.4%7.7%Median Republican22.5%7.9%Median Democratic30.9%7.7%​[Source: The Bahnsen Group]S&P 500 Presidential Term PerformanceSince the Great Depression, 78% of four-year presidential terms have seen positive S&P 500 results, with an average return of 33% per term—regardless of which party holds office.​Election YearElection Winner% Since Previous Election% YTD on Election Day1964Johnson54.5613.541968Nixon21.046.871972Nixon10.5511.651976Carter-9.5514.311980Reagan25.1619.551984Reagan32.063.321988Bush61.4611.361992Clinton52.610.681996Clinton70.0715.942000W.

For example, Investment income would not qualify for the home office deduction or the section 179 deduction.