I have been an ER charge RN for 8 years now and I own 3 rental units myself.

I definitely want to stay clear of anything that could trigger fines or compliance issues, so your point about STR activity in communities with rental caps makes a lot of sense.If the documents don’t spell out any restrictions around owner-occupied MTR/LTR setups, I’ll look into the roommate or owner-occupied lease option you mentioned.

Possibly looking to buy land or rental properties in Gulf Shores, AL.

I have a listing in North Merced (Very desirable neighborhood) that is listed for $425K and is a 3/2 that had a steady rental stream prior to the listing.

I’d give the lawyer a copy of the original with notes of words you subtracted crossed out, and words you added printed in red pen where you added them.First, make sure the changes are worth the cost of review, though it should be a one time charge.

Our current manager is in Huntsville and it is becoming clear that we need someone more local to Cullman who can be on top of showing our listings and taking charge of maintenance and repairs as needs arise. 

Also, as a preventive measure in our property managment business, we started to implement checks in place to avoid this from happening in the future such as no undisclosed pets allowed, tenant is responsible for all pet related damage including odor remediation costs are billable in the lease, we charge pet fees as well and periodic inspections. 

Memphis definitely has pockets where the room-rental model hits strong cash flow, especially when the house layout supports privacy and you’ve got tight systems in place.Curious what part of the city you're operating in and how you're handling the operational side.• cleaning and turnovers• conflict resolution between tenants• utilities + WiFi management• screening and house rulesIn my experience running volume in Memphis, the success of co-living comes down to whether your systems can maintain stability without the property turning into a full-time management job.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Always wondered how medium term rentals would fare here with the hospitals nearby.Hello Oles,You mention mid-term in the Rancho Cordova area.