Oh, My, God, Protect Us From Ourselves AndProtect Us From Others With Good Intentions :)

Are recovering alcoholics, drug addicts and those with co-occurring mental illness really handicapped?

Buying property with the intent to use it for the vacation rental business model is a totally different kind of investment. 

As these things often do, the intent with the property has shifted as we've realized it probably won't cash flow as a rental, but could be a nice return if we rehab and resell. 

The intent isn't to clog up this great thread or to argue politics.

I think some of the people that bought property for that purpose sued the city, saying they bought with the intent of making x amount and that they would lose money because the city changed the laws. 

If you bought them with the intention of rehabbing and raising rents then the turnover cost have already been added into figured cost.Another fun fact, closed on Thursday and Monday got a call that the water heater went out on 1 unit.

Basically I would show my intentions in regards to actually wanting to sell the property to the L/O tenant one day vs just hoping that they fail, and that I can kick em out, keep their option money and do it again with someone else.

We have LONG term disability in case of a major injury/ illness.

This discussion can go round and round, but for all intents and purposes one needs to be licensed to transact the deal as described.