I know In the past people have said to be careful with downtown and historic homes because all the regulations.

It’s certainly better than LTR for cash flow even with my conservative numbers, but not sure it’s worth the extra hassle and hands-on management.Here in Florida, I discovered that anything under 6 months falls under the Division of Hotels and is regulated as such, and from what I can tell, STR owners are largely non-complaint with these regs, lodging taxes, even registering with the state as a landlord! 

So many rules and regulations have been put in place in the last 5 years, and costs have skyrocketed.

If you're working with a real estate agent currently, they should know the procedure and be advising you of your options.In terms of asking sellers to break up properties, you certainly have the right to do so. 

He can pay for the electrician to make upgrades if it's that important to him.As you grow, it's important that you not tailor your policies and procedures for each individual.

When you start offering a preferred rate of return with a profit split, you could easily find that the regulators will claim you are offering securities so need to be registered or show that you are operating under a specific exemption. 3.

If anyone can suggest an architect that has experience in these conversion due to all the building codes and state regulation would be greatly appreciated?

This seems to be a never ending series of onerous regulations spearheaded by Chloe Eudely that aren’t going to end until landlords organize with enough legal force to make our will known.

You will also need to know how to specify what a trade must do in writing to avoid under-work and over-regulating them.Tradesmen can be rough talking and rough personalities at times, and you also need to be able to stand up that and push through and get the job done.This is something you can probably do, and you may be able to learn the basic outline of it online from various sources before jumping into it yourself.

Now, I'll approach this from the lending perspective:  When building a new home FHA has some pretty specific rules and regulations on the builder and the property.