Each town/county may permit or ban short-term rentals differently across the city.If you DM me the address I can look it up for you.

They selected a So Cal title company and a escrow company and said it's too late to change now since we are going to close on Monday.I am purchasing this house by cash, and I see they listed the lender's title insurance for $1650.

Just put under application a bridge to bridge refinance for a multifamily loan, $17 million loan.This is the second bridge to bridge that we are doing in the last month.

There are other investments like air-bnbs where owners rent by the night similar to a hotel and those are referred to as short term rentals. 

Looking forward to being a part of not only the STR community but the Bigger Pockets community as well.Sammy MarshallHi Sammy,We rent out our primary residence on both a short and mid-term basis in St Augustine as we have moved overseas.

If you are thinking short term rental because Universal studios is fairly close, you can't STR in Orange County, so that is out too. 

There were 6 vacancies at closing, and we are in the process of remodeling those units.

If you do have that much equity there should be a way to pull some of it out in the short term to cover this repair. 

Now, to answer your questions here, you cannot own property in the US in this fashion until you are 18 years old.  

I'm still trying to find my first deal Short-term Rental (Airbnb, VRBO, etc..).