===========================================My mail carrier had to go through a background check, pass a civil service exam, has limited duties, and isn't demanding access to complex computer systems that he doesn't understand and view sensitive, personal data.BTW -- Biden didn't extend Trump's tax cuts.Not even a nice try trying to move the goalposts -- Trump gave a pittance in tax cuts for the regular people, and the vast majority of the cuts went to the top 1 percent. -- Which is why you tried to change the goalposts.Trickle down has never worked.

Quote from @Jay Jones: I have a HELOC on my primary residence but was told by the bank I have it with that they can’t give me a HELOC on my Quadplex because it’s a multi family rental (they could pass a single family rental off as a a vacation home.  

Then the owner anticipates a safe exit without encountering too much of a loss, but making an effort to pass as much of the pain off on another sucker because they got duped. 

If someone came to us with a participation, we still would most likely pass as residential is our bread and butter. 

Secondly, you'll definitely want to confirm with a tax strategist with experience in the STR space to confirm if the setup you describe will pass as an STR with the IRS. 

I'm happy to pass a warm referral over if needed! 

I thought about hiring my own inspector to check out the property first to see whether it could pass a code compliance inspection, and then decide whether to contact the city or not.

Ahead of tenant placement you have to pass a pretty thorough inspection which includes pretty much everything.10% maintenance is reasonable for year 1-3 and thereafter 15% for year 4 and back to 10% again for 3 more years.  3.

I kind of get excited when I see these silly laws in other states, because I know mine will pass a law to give me MORE rights as a property owner in response to that. 

I'm going to give it a full 6 months of use before I pass a complete judgement on it.