Offer Accepted - Questions To Answer During Contengency

[Aaron Akins]

Hello All,

My wife and I have an offer accepted on a property that we will be using as an STR/Vacation Rental.

The area we are investing in is an up and coming vacation rental market compared to most ski/mountain towns in the West. It's no Aspen, lol.

Because this market is no Gatlinburg or FL Panhandle, etc...it's hard to say that the realtor and all involved are as educated as realtors in the other prominent markets. 

My biggest concern at this point in my process is to ensure that I'm asking all of the right questions and doing my due diligence to ensure that my investment is 'safe'.

I'd really appreciate it if folks in this group would throw out questions that I need to be asking. 

For example:

"Do we foresee any issues with this county/neighborhood allowing STRs in the future?"

Any help you can provide me with during this period would be welcomed! I have 2 weeks to ask all of the right questions. 

Thanks in advance,

Aaron

[Joshua Strickland]

Call the local planning and development office at the city/county and ask to speak with the director. They will know.  A lot of municipalities have future land use maps designed for their future vision. See if they have something like that. It’s usually in a pretty prominent place on the planning and development or zoning portion of the city/county website.