This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

I would always check the condos fine print rules and regulations and see if short term rentals are allowed at the building.

Understanding local tourism patterns can help you adjust rental prices.STR Regulations: Many cities are tightening regulations on short-term rentals, which could push more property owners to offer mid-term leases as an alternative, increasing competition in this space.9.

Also, they know things about where you are working...Keep in mind that your municipality will have codes and regulations as well that can be hidden costs. 

There are paths you can take with regulators to escalate, but being in the business myself, I generally view this as an option of last resort, and really it can only be done if you were flat out lied to and/or there is legitimate fraud taking place.  

Did you execute contracts with each contractor with appropriate indemnification language and warranties?

Alternatively, convert your first home into a short-term rental for higher cash flow if regulations allow.

I understanding is the TN has some crazy rules and regulations that complicate this process. 

There will likely be local regulations that will dictate the maximum late fee that can be charged.

So, I’d dig into the numbers before making a call.Local zoning and code regulations: Converting a multi-family property to a single-family unit might require permits or specific approvals, so check with your local building authority to avoid surprises.