People might have their opinions, but you really want to pay attention to what the regulators have to say because they are going to be the ones coming after you - not other people giving their opinions.

Cities are starting to regulate and tax vacation rentals.

Depending on state laws and lender regulations you could roll both loans together and get a LOC on a percentage of the equity.

You are also bound by certain regulations and disclosures.4.

Here, at least before legalizing, they had to have paperwork from the state stating that they have met all the background checks and are in compliant with all the regulations.

I've experienced some enormous success in both arenas and now have attracted a good deal of other people who want to invest $25k, $50k, etc. through my vacation rental LLC.Our attorney believes it would be considered the sale of a security, so it would be heavily regulated and close to impossible. 

@Todd Dexheimer from what I'm hearing from the pros Georgia has recently by law adopted the national electric code which is more stringent than previous state regulated codes.

My advice is the you study your state landlord tennat regulations and consult with a lawyer experienced in situations like yours.

It’s a regulated activity that requires a license.  

Unfortunately the inmates have taken over the asylum in commiefonia so you will likely be screwed and stuck losing income over this .liberal lunatics have made the regulations completely in the tenants favor .