Anyone have any insight on companies/individuals who rent properties for this purpose?

Is there anyone who can advise me about the zoning law and permits that i need?I am thinking to convert this home into multiple rooms which has its own bathroom and mini kitchen if it is feasible.I appreciate it in ad...

I agree with @Trenton Lukenbill that maybe it's time to start thinking about the next property management company.

It's best to start in your own backyard, but if your immediate area has less than 400,000 residents, then consider going to a virtual market- Connect with as many agents, contractors, property managers, attorneys, and title companies as you can.

I'm inquiring about the legality of the transaction. 

This means they could be pursued for repayment or potentially face legal action to recover the lender's losses.

In all seriousness they are a customer service company that just so happens to be in real estate.

Once the pressure is gone and the knowledge comes around, we wouldn't mind taking on a bigger complex, or possibly owning our own property management company. 

Mid-Term Rentals are generally the same concerns as STR, but you could argue less potential vacancy and if the property is subject to rent control, it is a potential legal workaround. 

It is a growing area that is right on Highway 32 so it is continuing to have new businesses and companies moving into the area.