You can also consider a DSCR loan up to the current value of 70% if the property is vacant.

The current mortgage is still in my Grandmothers name and payments are up to date.

Consequences to the investor, guest, and me (the current Host)? 

My property (currently I am  residing here in WI but also want to rent) is being possibly rezoned from residential to Commercial/Mixed Use and I just discovered this information.

Arizona has been hit the most.Let's say that 5 years ago there were 100 travelers and 90 STRs. 

But if you plan to travel back and forth, just make sure you that the people you have working on your property are highly reputable and trustworthy. 

Would you be willing to share your current contract with me as well? 

I only own one rental unit (this one) and don't accept people who have been evicted, but I would not accept someone in a current eviction proceeding either.

Market rate right now is minimum 300 dollars above what I am charging for the unit but my tenants are good and I don’t feel right springing such an increase on them. 1500 per month is what I would have to pay for a 2 bed 1 bath apartment around here and my unit currently is 3 bed 2 bath. 

I stayed in my last apartment for 8 years before moving to the current apartment, and had zero issues with that landlord.