I wasn’t feeling good about anyone pursuing me to lend me money, but this cements even more why to stick with regular lenders when possible. 

But a lot of bank employees, real estate agents and regular people don't know it or they just don't believe it.

Most cities have regular real estate meet ups for investors which is often the easiest way to meet local flippers.

@Placeholder PlaceholderOne word of caution I would advise: If a community or local government is enacting restrictions and also regularly enforcing them, then its often a reflection of the local community sentiment which increases the chance of a neighborhood or nearby resident calling you in if they think you may be running an STR.

Otherwise, you can never attain financial freedom because rents will not outpace inflation.How long your rental income lasts depends on job growth in the investment city.Non-government jobs are inherently temporary.

You should treat it as a luxury package rather than regular STR. 

Because, if you are a “regular” person meaning don’t make 5M a year W2 / legit bussiness which shows on tax returns, you can’t qualify for 20M loanAlso it mean, that people who buy 20M condo, chances are they have 100M-200M cash sitting and not doing anything.Return of equity is 0, as it also the cash sitting in a bank.Debt is cheap now days: 4-5%, but if you have “unlimited cash”, then not need to pay 4-5%As far as max cash flow and minimum risk - it’s something a lot of members discussed already.And last but not least - let’s not go off topic.

.- If they are more reasonable you may want to accept if for now, but let them know you'd be doing regular increases to get the rent more inline with market rent.Too many newbies here will tell you to get market rent or get rid of the tenant.

They are long gone now.This "wally wrap" seems just like a regular wrap, what am I missing?

No PM is not collecting rent, as per PM they are charging me the regular monthly fees because they are following up with the lawsuit with the tenant.Thank you for your input.H