Looking to start my first MTR arbitrage

[Anthony Butcher]

Hi,

I am looking to do MTR arbitrage in Florida. I have a few markets picked out, and a completely new to real estate investing.

So far I know I should setup an LLC

I have a target market that I'm looking at.

My questions is do they get regulated the way STRs do?

Do you reach out to county to see what their MTR lease terms are?

What kind of insurance do you get? 

I know I will need to reach out to an accountant, but does the taxes fall in line as the same as a STR or LTR, and what does that tax break down look like, and I'm aware each county could be different.

Is there anything else I should know?

[Nicole Heasley Beitenman]

Pick up a copy of the book 30 Day Stay from the BP bookstore. That's a solid place to start.