Welcome to the site @Aaron Washington!

Mortgage interest rates will remain elevated for a longer time period and I am estimating we won’t be back to an attractive rate - below 6%, where folks storm back to the market and feel comfortable leaving their home w/ a low interest rate mortgage - until the 2nd or 3rd quarter 2025.

For example in and around DC some jurisdictions charge insane fees for new builds ($40k school impact fee) and have very challenging code requirements (sprinkler systems in homes..)Anything crazy like that?

Right now we have rentals in Texas, Colorado, and Washington.

Quote from @Aaron Washington: My wife and I are new to the STR world.

@Ashish Wa, the brother needs to be on the lease without any question or doubt.

The takeaway here is to become familiar with determining loan quality for yourself when working w/ a broker.In addition to the capital gains issue Jeff mentioned, there is cash drag.

Court of Appeals for the District of Columbia made a ruling that opens the door for a renewed investigation into the National Association of Realtors.The Justice Department will reopen an antitrust investigation into the National Association of Realtors, an influential trade group that has held sway over the residential real estate industry for decades.

I own several properties here and work with OOS from Cali and WA who buy turnkey, brrrr, and short-term rentals.Cost of properties are cheaper and home prices are doubling every 4-5 years. 

In Washington state right off the I 5 corridor .. my land partner got into contract for 65k ( infill lot that could handle a duplex or two units) put it on the MLS ( which is how you get top dollar) sold in 3 days multiple offers for 110k netted us 100k so 35k net profit .. which I have a formula to split with the acquisition partner. ( PS its always more to them than me) but bottom line if you can fill your pipeline its easily a low 6 figure to mid to high 6 figure when you have a capital partner like myself.. or someone else.. does take a fair amount of capital though usually 500k to 1 mil in cash to make that kind of money so thats where we come in.