@AP Horvath, I am biased, but I would select one asset class you believe in over the long-term that delivers strong, risk-adjusted total returns and make some meaningful investments in that sector. 

I would highly recommend reaching out to your local governing body's housing/planning department (city or county if you live in an unincorporated area) as they will have the oversight on such a matter and or can direct you to who you need to speak with. 

If true and the loan is government secured, my understanding is that is mortgage fraud and mail fraud. 

The goal of the bills is to provide more oversight and give local government a greater ability to manage short-term rentals.

We solve the data problem by working with the industry's best data vendors that have applied a lot of post-processing and enrichment to the original government sources, or have collected their own proprietary data.Not all of those vendors are equal in terms of accuracy, and we learned this the hard way through experience -- I come from the commercial real estate research world, and my co-founder from the retail site selection & revenue forecasting world.

The convoluted process reflects local government at its worst. 

First step is to sit down with the local government and see if the subdivision is possible and what Exactly would be required. 

Think about it -if you built a house and did all the labor yourself and the 401k bought the land and all the materials and then sold that house deeded in your 401(k) the government wouldn’t make any money off of that deal.  

Through some internet searches it appears that the city governments of Southern Pines/Pinehurst are trying to slow the short term rental market in the area.

The real estate sector in the United States is crowded with too many investors already, this makes it very competitive and leads to higher prices.