ANd it needs to be learned so it's legal and safe. 

I'll definitely try that trick!

Trent,That's an unfortunate experience and definitively a one-off! 

You didn't say where you're located, but definitely check this out by calling the State Registrar of Contractors.

For example, the revenue expected during the low season is five times less than during the peak season.In summary, this methodology offers a comprehensive approach to analyzing the short-term rental market within specific subareas of interest.By localizing demand hotspots, identifying outstanding property types, uncovering key amenities, pricing strategies, and conducting a financial case study, we gain valuable insights into expected returns for properties available in the for-sale market.Ideally, investors would conduct a similar analysis for every demand hotspot within their city of interest, evaluating both the short-term rental and for-sale markets before assessing expected returns.Legal disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial, investment, or legal advice; individuals should consult with a qualified professional before making any investment decisions.Did you find any value in this article?

Definitely great for cash flow only. 

Assuming this is legal in my city having 3 people in a 1 bedroom unit, are there any down sides I should be aware of? 

The valuation comes out just barely to cover what I’m trying to accomplish but doesn’t help me out any further down the road with my equity levels which I definitely needed.

I’m still in negotiation ,but my offer is definitely going down.

You really need to engage legal counsel.