For example, after they've had some issues with parties occurring during reservations, they've passed a rule that says that guests can't book acommodations for more than 16 people and cannot throw a party.

@Brandon Ribeiro sounds like a solid structure for both parties.

I recommend finding good real estate agent, next part is finding good contractors, I would recommend asking your agent for contractor that is reasonable. 

This last part is really based on your state laws.

But you're going to have to use a third party in the area to go by and see if they did it.

A little Klingon is way too much; try it at a party and watch people flee fast. 

I was in same boat at one time and I back off real estate.

Purchase price: $203,000 Cash invested: $40,000 Single family 2 bedroom 1 bath in Key Largo FL, not on the water but has an HOA park on Florida Bay with beach, dock, and boat ramp What made you interested in investing in this type of deal?

I reminded them that they have signed a lease and both parties (tenant and landlord) need to abide by the lease. 

I reminded them that they have signed a lease and both parties (tenant and landlord) need to abide by the lease.