Eddie - That is what happens when our elected officials rush to push through legislation without considering the ramifications.

According to the wonderful new healthcare legislation, as a man I will be required to buy health insurance that includes coverage for maternity and newborn care.

You just cant tell now because the legislation is in such infancy.

Because Aurora DOES legislate short term rentals.Aurora considers Airbnbs along with other types of rentals."

Unless a buyer is interested in buying one of my listings I won't talk to them unless they pay me an up front fee to make up for the low dollar per hour work that they want me to do.

My next option is just to offer cash, but it was priced so poorly that I was trying to get closer to thier number by taking the financing (terms) to make up for it.

The house sat on the market for a long time because the guy was trying to make up his costs.Like everyone else said, stick to a local flip if you can.

I posted this as a source of information for those that do engage and wish or would like to have grounds to fight this ruling.I can see the logic from both sides but legislation and interpretation are always a point of contention where there is not clear case law on a certain matter and this is clearly one of those cases. 

I do know, it they are there and someone is sufficiently motivated they will be found and used.I also know with an attitude toward legislation of, "We have to pass it so we can know what is in it," coupled with the knowledge the members of Congress don't read what they vote on, it would be a pretty safe bet they are there just waiting to be found.

But, for non-QM or DSCR products every different products make up there own rules and there 100's of them in the market place.