Using Philadelphia as an example, in other areas, especially the more suburban neighborhoods, you could run into ERSA, steep slope, and more common to encounter interpretation issues on the part of the plans examiner.

The issue is it will be short term so what are you gonna do to pay it off.

@Sam Abe this is a very common issue between owners and PMCs. 

Most of the family and friends are willing to invest with us as we give them a steady return %...do you see any issues with that ?

For tech issues, it depends on what it is.

Personal Lines:  A Dwelling Fire policy is the most common way to cover the property. 

However, I think the prices in California will cause us to invest out of state and we will just have to learn how to set up the right systems and processes to deal with issues as they come up.

The expectations are they pay on time and treat my unit right and their expectations of me are I address issues in a timely manner, give them a great place to live and treat them with respect.

Hi @Matthew Masoud, I think you touched on the biggest issue with mid-term rentals.

Invisible issues hurt you the most.