The number of bedrooms for STR has to match the number of bedrooms cited in the septic permit, so you are seeing homes with 7 BR now have a 10 person STR occupancy limit and some homes that had bedrooms added without permits now being restricted. 

Personally, I believe there are much better ways to invest in RE, even with limited knowledge or bandwidth. 

I feel like I am over reading into this, but I just want to do my diligence.Bonus question: This property is not subject to the Rent Stabilization Ordinance (RSO) and is not built in an Unincoporated area of Los Angeles.

Feel free to reach out if you need more insights or just want to chat about the market here!

As we're running out of personal capital to continue acquiring with, we're exploring a structure where we give investors an 11% preferred return that we buy them out of in 7 years.

Feel free to reach out if you want to talk more specifically about the Birmingham sub markets. 

Some you will like and some are very 'pitchy' selling all kinds of classes and junk.Meeting people in person and getting to know them and what they do will help increase your knowledge that much more.

Out of state landlords still self-manage their properties as much as they like as this agent is really just there so that the municipality feels like they can reach a real local person when there is an issue.

Personally, I'm not a fan, but I could see why some people like it. 

In addition, they will need space in the common areas for their stuff as well (think refrigerator & pantry for food, etc.)No background check will show how clean they are, how they respect your space, whether they are a loud person, or a night owl, who they invite over to stay with them and such.