So that I understand, you did a 1031 exchange and bought a house that cost $70k? 

If the buyers are working with an agent, the buyer's agent should already have that. 

I would think an ESA animal wouldn't be exempt from protocols regarding disturbing neighbors etc but I would check with an attorney to be sure. 

Nobody pays an EMD before seeing the house. 

@Albert Aitov   Give us an update please.

Also, I know this status can sometimes trigger an audit.

Purchase price: $150,000 Cash invested: $100,000 I have rented this for 4 years now I am renovating it for an Airbnb now once on airbnb it will do 10-20K a month What made you interested in investing in this type of deal?

To do short-term rental, you need locational amenities and house amenities to win and that price point won't get there.Because with an STR I can write off  expenses against my W-2 income ( I expect a loss the first year) if it's an average 7 day stay or less.

We’ve all agreed that living together would be a win-win: they get to gain independence, and I get to start my real estate investment journey.

I've done that and have t had an issues in the past