Hi Ran,I would probably ask around locally for a PM to see if they have backoffice services that they offer, other than that, there are a lot of accounting type of services available with third party vendors through the national association of residential property managers.

@Cheng ChuAre you looking at residential or commercial?

Nothing wrong with a 1003. 1-4 Unit properties are still residential loans and many hard money lenders use 1003s to get basic information.

So in my market residential RE has few paths to good return: 1) patience.  

I'm looking to sell a mixed use building, with commercial and residential units, in San Mateo.

was the prior use for residential? 

I am a full time real estate agent that specializes in luxury and residential - you never know how our two worlds could collide.

There's no guarantee of anything in the STR investing world, and I do think cities are legally allowed to switch their laws, so as soon as I say it's super unlikely to happen, that thing will then happen.But again, not even the most liberal, affordable-housing-starved, anti-STR city in Colorado has changed their laws and not allowed those who were operating under a legal short-term rental license to continue.Your point is well taken though.

I would be wary of buying a home in a residential neighborhood in ABQ with the goal of having a STR: Only CA rivals NM in terms of economic governmental tampering.

And our governor just passed anti-squatting legislation.