Hey Dina, while I don't know the full story, negotiating a lower purchase price can't hurt.

I'm trying to plan this out as well as possible to avoid any issues down the road.I've seen the stories where people run into issues meeting this requirement and get scrutiny from the IRS, to me it seems the two biggest red flags might be when they hire a property manager and also when they rarely go out to the property to work on it themselves, always relying on contractors.

Has anyone had any experience with these types of properties and have any tips, stories, advice about this niche.  

Quote from @Yoana Yordanova: It sounds like the PM sold you a story.

In fact, many of their stories, just relied on, picking up a few investments in solid areas, taking care of them, and holding onto them for a long time. 

They do, however, have up to 60 days to return a security deposit after a tenant moves out.If an eviction is necessary for nonpayment, landlords are required to send a seven-day written notice of the payment due.

I also have no intention of investing in rental properties in the UK no more due to a lot of horror stories and potential new changes in laws, which is why I am very eager to explore the US rental market.I am not a US citizen, my partner is and it will be a joint venture.

Moorestown Mall will welcome Parky’s, a two-story entertainment center, in early 2025, while Neshaminy Mall signed its largest lease since 2017 with Fusion Fitness, an athletic complex opening mid-2025.

Any advice you can provide would be greatly appreciated1) In the Short-Term Rental Ordinance (Baileys harbor), I found the following:“If the rental of a Residential Dwelling is less than seven (7) consecutive days, the first dayof a subsequent rental of less than seven (7) consecutive days may not begin until the sixth(6th) day after the first (1st) day of the immediately preceding rental.”Question --> Does this mean that we cannot host another guest within the same week if the first guest's stay was less than seven days?

As a former inhabitant of coastal New England, I will match flooding and storm and erosion stories with anyone, any day.