Quote from @George Red: Hey @Darius R.

I was thinking about staying with a similar red or changing it up with a navy.

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

The beauty of that arrangement is that I make MUCH better passive investment returns than I would if I invested in a typical syndication. 

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.  

It's too bad that the word "mansplaining" has morphed into a catchall for any time a man explains anything to anyone--because in its purest, original meaning--you've illustrated the concept beautifully, John Thedford.

I've already stamped a big, red "DUMB" on my forehead)."

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.

Hey daniel,beautiful setup you have there, and thanks for the good advice.. honestly i was just looking for something to house hack in puerto Rico but still keep my properties here in NY.