We host a monthly REI Meetup in Woodland Hills and there are many folks in our group grappling with similar scenarios.

I think also folks that do the STR have to realize the 35 to 50k spent furnishing the home is what many times makes these negative cash flow and of course over a 10 year run the furniture most likely will need replacing upgrading to keep relevant..

It seems to me that a lot of folks think that is okay and I don't have perfect clarity on it.

One downside I see to this strategy from a tax perspective: You are unable to take advantage of the STR loophole which is a massive offset of your tax liability for many folks.

.: Hi BP folks,Does anyone have recommendations for a local architect who 1) works with multifamily and 2) works with rehabs?

After these folks move out - if you don't want to be responsible for maintaining the appliances - move appliances out of unit.

However, there is a backlog getting someone to do the certification (i guess because a lot of folks are trying to get it done).

Folks like him run into the rally, then share this information after the fact.

dont know fairmont but do know visio as they have made loans to folks that bought property from me so I know they fund and thats a big deal to me as a seller.

Can't really say for sure in WNC, but on the other side of the Smokies, the mass sell off didn't happen ...yet, because these folks paid too much for the STRs and are still thinking they can get out without losing money.