My issue, is that from a consumer standpoint the industry perceives to switch from residential to commercial at 4.

In 2016, the city stopped issuing new non-owner occupied STR licenses - known as Type 2 licenses - for short-term rentals in certain residential areas.

@Michael Smythe, you keep on posting that link, but it goes to a site that says that article is no longer available  

Click here to read latest BP Article on this topic@Spencer Gray Fannie and Freddit are now not allowing any STRs or AirBNB-type units on multifamily assets - see article link above for details@Ben Leybovich Beware...check your loan docs.

If you would like to have a call, there is a link in my profile page to book one. 

For example, a sandwich lease carries some of the same risks that any landlord faces, what I call the tenants and toilets issues. 

There was an opportunity to help a fellow investor who had his family growing and needed to dispose of the property to get rid of problematic tenant issues, rising taxes, and invest in other opportunities closer to home.

I maintain two rentals and the pool requires very little attention compared to other issues.

With my clients I am able to point out obvious signs of foundation issues here in Austin, and I always suggest getting it checked before closing too.

I’ve also read a way PMs get around this is by only putting 3 on a lease and any others as occupants which can cause issues with eviction.