One bright point is usually in any arena, the more difficulty middlemen create, the fewer investors you’ll have to compete against.

But investing outside of your state has its own set of difficulties as well, such managing remotely and not being familiar with the specifics of the local market.Make a Plan for Property Management: If you decide to invest in rental properties, decide if you'll handle them yourself or by working with a management company.

I am a licensed realtor here in Los Angeles, don't want to deal with the exodus of insurance companies and difficulty getting insurance and keeping it after a claim, tenant landlord laws being heavily in favor of tennants, exorbitant property taxes and minimal RTP among a few other factors with these being the most inspiration to take my money out of california.  

I have been having difficulty finding a meetup to go to so I am glad you mentioned it.

Hi- I am having some tenant difficulties with a property in Seattle and am looking for a lawyer that can give me some advice.

I think you equally partially answered that question, telling the difficulties you are facing with STR regulations.this is my prescription and what I have decided to do .consider HELOC your current property, use the money to 1- add some value to your current home if room provide ( not to exceed X $ amount) you can then rent out the extra created meat to help pay HELOC2- Use the balance of HELOC to purchase another home in an appreciating market and if possible one that allows STR. use cash flow from new property still towards HELOC and just allow second home appreciate OR if you can fine a fixer upper to do BRRRR tat will even be better.that is what I have resolved to to. you can get back to me at 301-256-1578 so we can continue to brainstorm.little cent

One side has a good professional tenant and the other is so so (they divorced one year after moving in and the guy had difficulty paying rent during covid).  

However, with the Mayan Train (https://www.railway-technology...) being built, along with the new Tulum Airport (https://www.travelpulse.com/ne...), the new Formula 1 race track, the Green School, and all the projects planned for Quintana Roo, I see that it will take time for that balance to shift, and strong demand for Tulum will continue.

I'd recommend that you weigh the potential benefits against the additional workload and potential difficulties that comes along your way.

And despite high inflation and the necessary reaction of high rates (even though it was the government that caused the inflation in the first place) the economy is humming, stock market up, home prices for homeowners have contributed immensely to their net worth, technology is doing amazing things and providing ample opportunity for those born into less fortunate situations to escape and succeed.