A: In terms of STRs, things used to be a lot more relaxed here and you could get away with more - yurts, campers/trailers, tents, weddings and events, etc. but now they are enforcing everything a lot more than they used to, and that will only continue to happen more in the future.

I was at a wedding in Singapore a few years back and the gentlemen at my table owned 4 manufacturing companies in the US..

Be sure there is an end date - the neighbor did one for a tenant without one and when he wanted to cancel it after non-payment of rent (and his kids running a car theft ring out the property) a court said no, tenant could buy whenever. 

The shower ring for the tub can't be standard height because it hits the ceiling...I've had to order custom risers for it so it doesn't hit.

I was newly wed and 7 months pregnant living in Santa Barbara, CA.

I have lived long enough to know the next recession or housing bust is somewhere out there in the future and fools that ring up a lot of debt will allow me to get some great deals.

Of course, this does not prevent my phone from ringing at 2am, but I don't like the idea of paying a property manager 10% off the top.  

Ran out of space: here's moreMembers of Michigan Mortgage Fraud Ring Sentenced April 1, 2013 NationalMortgag...

I just wanted to throw my hat in the ring.

This property is versitile in that you can also have agriculture profits, host site events (weddings, retreats, etc) and build another house on the property.