I recently quitclaimed that house into my single member LLC and turned it into a rental.  

"I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

Purchase price: $74,500 Cash invested: $12,000 Single studio apartment.

I know because I bought a house a few years ago where I discovered work had been done without permits and made an issue out of it, but I think because it was a single family and not a landlord, they let the sellers get permits retroactively so that made everyone happy.

Since we started doing this about eight years ago, I have not had one single conversation with a tenant about a rent increase, and it used to be an ongoing battle and source of stress for every tenant, every year. 

My goal is to create passive income through rental single or multifamily properties and become financially free to be able to give my beautiful wife and my new born son the life they deserve.

Purchase price: $78,500 Cash invested: $12,000 Bought a single occupancy studio apartment that will be rented out.

Its worth the money because it saves me time, and money every single time.

As for short term rentals, they have stopped issuing permits for them as far as single family homes renting out the entire home. 

It is a single Family 3 BD/1.5 BA that havs the potential of $90 - $100K resale.