Cost to build an ADU are high, however, so it may not pencil out in the short-term.

Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

Ithaca usually seems to have good intentions but this one is just short-sighted.

If you're certain the type of renter you're going to get are traveling medical professionals, you know they're on short term contracts (typically 13 weeks).

Choosing a location near LA, accessible by a short flight or drive, will make it easier to check on your projects.

If a guy is charging 60/70-100$ an hour he better be able to knock this stuff in Avery short period.

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

A strong “Core 4” can make managing your investment remotely much smoother and prevent a lot of headaches.Also, as you narrow down cities, pay close attention to factors like job growth, population trends, landlord-tenant laws, and short-term rental regulations.Happy to connect with you, and good luck as you jump in!

Regarding the market, short term rentals typically lease quickly as Jacksonville is one of the hotspots right now for STRs. 

I generally look for two things: new homes on the market for sale are they being sold very close to asking price, with short days on markets or not.