And the plan is to convert an existing Airbnb I own (and have run as an Airbnb since 2019) to PadSplit.

Quote from @Sean Gallagher: If there is an existing lease, you must honor it.

Plus, how are all these changes going to fit with the existing rules and regs?

You can do this with a simple, one-page addendum, or even a written statement added to the existing lease and signed by you and the tenant.Example:This lease agreement is hereby amended to reflect the change in ownership of the rental property located at 123 Straight Street, Cody, WY 82414.

Buying multifamily is not about what the seller did but understanding what you can do and how much it will cost you do to it, then determining if the financial reward is worth the effort to undertake it.  

BUT for certain rural areas it's worth it's weight in gold because of the reliability factor vs an unreliable or expensive existing utility structure. 

I'm leaning toward the decision to sell, as the expected rewards do not seem worth the risk (or opportunity cost). 

This policy will provide additional coverage above what your existing policy covers.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $396,000

Cash invested: $70,000

This property was already an Airbnb and came furnished with everything. The seller ...

Looking for Tips on how to find places that have multiple cabins or additional dwellings on a property that I could live on and run. I am aware of Crexi, Bizbuysell, and Loopnet and reach out when I see something for ...