Here is the potential problem for the OPI am not saying his idea is legal or not--he needs to get clarification from the state.Brokerage activities are define as:A BAR SALEAdvertisingBuyingAppraisingRentingSellingAuctioningLeasingExchangingFOR ANOTHER...so...if they enter into a lease option with the hopes of bringing a buyer, I believe that falls under selling for another.

So it will help to really define your goals, then find a market that will work for the strategy you are going to use to meet those goals.

The more you know about your bylaws and what the process defined there is, the better you can figure out if they followed that (or they skipped this against their own policy) or if there is an opportunity for you to request a hearing and see what the continued violation is about.

You might need one to define it as a "bedroom" but a lot of STRs just throw two dressers in per room because it's easier for people to dump clothes into. 

@Brenton Tigner Jr Can you define "partner" in this instance? 

@James Wise and @Keith Jourdan - what criteria do you use to define whether a house is located in a B or C neighborhood? 

I call this “marathon investing”.If you’re after real wealth, a win much more broadly defined than money, then a “back to basics” mindset needs to be reinforced.Let’s re-set.

Define Rural.

The IRS defines renting to family members below market rental rates as "personal use" of the property.

IDK if this is normal in the industry, but definately fishy.Thanks in advance.