But, since the city has said there is no restriction, sounds like you can do it.

Quote from @Gregory Wilson: I'm not a fan of jargon in responses to new persons who may be intimidated by such usages:"Lender purchase overlays" - Additional restrictions beyond standard lending requirements that some lenders impose"FULL CLTV payment" - Combined Loan-to-Value ratio issues.

But restrictions on occupancy has really hit our potential guests.

On the flip side, HOAs can raise fees or impose rental restrictions, so it’s important to read the bylaws and look at their financials.

And if they try to qualify by gifting or selling assets for less than fair market value within five years of applying for long-term care Medicaid, the state can impose a “Medicaid penalty period” during which they’re ineligible.So, the idea here isn’t that she wants to reduce her current income to qualify it’s that she wants the flexibility to transfer assets without triggering that penalty.

I thought I saw something recently about new restrictions in the Nashville area for short-term rentals?

I do know the Conway area has some restrictions, you can message me if you'd like.

@Paul Fogarty Yes, even if you overpay your total estimated taxes for the year, both the IRS and the California FTB may impose late payment penalties if any of your quarterly estimated payments (1040-ES for federal or 540-ES for California) are made after the scheduled due dates.

It wouldn't be fair for me to impose a management fee on those reservations.  

That still doesn't do anything about the imposing HOA, which I had not considered at time of purchase because my intention was never to hold, it was to flip, so I didn't do a cashflow analysis on it.