I made an Excel spreadsheet and color code the ones that are higher in the red or orange colors, and low balances in green.

You guys always rock!

Hey Bigger Pockets members, I'm Michelle Chastain with Century 21 Prestige Realty in Jacksonville AR (close to Little Rock).

YOU ROCK!!!!

The damage to the sheet rock in the basement wasn't bad, and I set up a bunch of fans and ventilation in order to prevent mold from growing.I went to check on the first floor apartment to see if there was any damage and luckily there wasn't.

Additionally, it raises red flags in underwriting if you were to originally acquire a single family home, and then move into multi-family after that.  

Embarrassing, because my seller did exactly that, without any of my loan details, and generated the exact same letter I had given to him.Lessons learned: gold cross = red flag, "have a blessed day" = "see ya"Date of experience: June 16, 2023

If this passes and someone ran their numbers based on 30 day stays, they could see a significant hit to their bottom line.In summary, talk to people who know, ask them what they think will happen in that specific area, and know that in high demand areas an absence of rules can honestly be a red flag - it means the STR conversation hasn't happened yet and leaves you vulnerable to whatever the decision is once it does.

Our properties are all in Memphis, so Little Rock could be a different experience, I can't speak to that. 

@Lexi Teifke Your rental house in Round Rock.