View of the Reno Sparks night skyline from Rancho San Rafael Regional Park
View of the Reno Sparks night skyline from Rancho San Rafael Regional Park

I Rent My Home For Only A Few Days A Year At $400 A Day For A Total Of, Approximately, $4000 For The Year, If I Divide This Rent By 12 Months, Then I Make $330 A Month Rent Which Is Below HUD Median Market Rent. Does My Property Qualify For The 3% Cap?
No, if you rent by the day, your property would be considered transient lodging, which does not qualify.

A better way to do the math would be: Rent of $400 a day X 30 days in a month = $12,000 a month rent, which is above HUD median market rent, and would not qualify.