Both are terrible advice for MTRs as this space is becoming hyper competitive in most markets and the bar has been raised significantly by STR owners pivoting to the MTR space.

Just as the 1800s were New York's century, and 1900s California's century, the 2000s are Texas's century, and it is only just beginning.

I am from new york.

Provide a signed copy of the NoteThe investor should be identified as follows:For all investments: Client First Name Last Name>, legal owner via non-trust custodial IRA with AETBe sure to indicate % of ownership on title for multiple investorsSigning of documents:On a go-forward basis we will no longer sign documents.Due to the titling change, the account holder will be the only one that can sign the documents (with the new vesting)Excluded States:Because of a variety of issues we have encountered with the following locations we will no longer accept IRA investing real estate transactions in the following areas: The State of Maryland, The State of South Carolina, The State of New York, Cook County, Chicago, Illinois, The State of Georgia, The State of Florida.

. , you have to understand, in these strong Sunbelt markets, often, the brokers are always getting calls from people in California and New York.

Let's not forget about Syracuse, NY (but just from an investment perspective).Syracuse, a prominent city in New York, offers a rich tapestry of culture, history, and education, highlighted by institutions like Syracuse University.

This particular bank will not support absentee (eg, lives in California or New York) borrowers, and requires a relationship.

The neighborhood was sketchy with drug dealers nearby, burglar bars on the windows, mediocre to bad schools.  

Industry average ramp up is close to double that 18 month bar @ roughly 3% per month.

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