City's rules and regulation

[Ivan Aldana]

Hi everybody! I need your guys opinion. I found a city to invest in that is by a major national park but it is more of a metro city. I believe I can use the hybrid model of using it for both STR and MTR. After reading the city ordinances, it was saying all I pretty much have to do is pay an "excise tax" and register as STR. So I called up the city to make sure that was it and I got confirmation that's all I would have to do and they are somewhat new to the STR space. They are still setting up a system to both collect an "excise tax" and for me to register my property as a STR, but for now I wouldn't be able to do both those things and they will notify me in the future when their system is up to do that. So for now I wouldn't really have to do anything for the city to start running my STR in that city. This seems too easy of a process to start running a STR, is this a good thing or should I run from a city that doesn't really have that many rules or regulations yet? Any input is very much appreciated!

[John Underwood]

Try and get this in writing or at least write down the date and person that gave you this information.

Good Job doing the research before committing to a property..