In a nutshell – the big government is coming after Real Estate wholesalers :) No this is not a scare gimmick, legislation against wholesaling has been passed already in states such as Illinois & more states are following suit.

I just came across this website with a nice graphic that may help answer:https://rentalhousingjournal.com/legislation-changing-in-many-states-to-make-them-less-landlord-friendly/#prettyPhoto

“This feels like groundhog day,” Florida Association of Counties legislative director Eric Poole told the committee before Thursday’s vote.

I am interested to see how that progresses as Rural parcels offer the most opportunity to take advantage of this legislation.  

Last year a short term rental law that limits short term rents in residentials in San Diego was passed then rescinded.I was wondering if that legislation is enacted in the future, will that concern MF (>= 4 units) also.

A big thank you to all who have helped moved this legislation along.   

It will be effective as of his signature.You can find a copy of the latest version of the bill and more details here: http://iga.in.gov/legislative/2020/bills/house/1165.

Rather, it is a type of capital gain taxed at a maximum federal rate of 25% (28.8% if we wrap in NIIT).It's not possible to know exactly what Bernie Sander's plan calls for, as it is currently a mere talking point and not proposed legislation, however it would be safe to assume he has a "surtax" in mind. 

I know of a few turnkey Airbnb-ready (non HOA) Scottsdale properties that were recently listed, so if you need any info or background or MLS searches, reach out and I am happy to provide any insights I can.As a side note, we are watching STR legislation carefully as there has been some backlash against large corporate party houses, renting to large parties that have riled up neighbors, especially in Sedona.

With the COVID scare, stock market crashing a bit (for any savvy long term investor, who cares, but regular folk get scared any time they see red), election causing uncertainly, it is inevitable that people will look to sell their extra property, and also likely scare away half the buyers.