I published a listing on zillow rental manager and I got a text inquiry within a minute which seemed odd to me.

Unless you are forcing equity in some way, you would be rather restricted on what cash would be available. 

That depends on the loan agreement you have with them, some require it, some will not allow it and others it is silent which typically means no restrictions.  

For most of the area they restrict it to 6 months of the year for STR.This is direct from the website:https://www.cityoflakegeneva.c...Each Short-Term Rental shall be managed consistent with the followingrequirements:i.

I know when I looked into it, out of curiosity, there were many restrictions/rules/conditions. 

Communities have very tight short term rental restrictions, making it very difficult to find properties, and then if tomorrow the zoning changes, you might go from positive cashflow to nothing, since the laws on short-term rentals are so volatile and different across the country.5.

Hey Mik, I have a condo as well and have thought about converting it into a MTR or STR but the restrictions by the condo association completely prevent this.

Although the odds of something bad happening are slim.....stuff does happen.If you could find out who is in charge of this you could at least sign sort of agreement regarding liability....?

I do know that Palm Springs has restrictions that need to be navigated.A nice lake house will usually do well.

If the HOA decides to ban rentals or restrict lease length, you're out of luck.