Specific performance suit took about a year and for breach of contract in TX loser pays, so seller paid my legal costs (around $4k).

Purchase price: $234,000 Cash invested: $60,000 Sale price: $315,000 A single family residence with a separate mother-in-law suite.

I began investing in real-estate by connecting with brokers & other investors at networking events, LinkedIn, Instagram, Facebook groups.

LinkedIn, Facebook groups, or Instagram may have local real estate communities where you can connect with wholesalers and investors.Remember to approach these connections genuinely, express your interest in learning, and be open to building relationships.

STR and MTR are still intensive, but we have a market well suited for this and have identified many investors from the Bay Area using this strategy.

Since they no longer need so many rooms and cannot afford it, they should look for a place that better suits their needs. 

As others have said, if you are looking to house hack, an LLC will not be best suited for you as you will likely want to go with FHA financing.

The big change is that what they're calling vacation rentals (full time dedicated STR's) will be separated from owner occupied, renting a part of the home (ADU's/in law suite stye STR's).

Now that you've expanded into a new venture, it's only natural that certain people are better suited to certain activities than others and a good accountant is no exception.

In my opinion those investors are best suited to hire employees or one man operations who behave more like an employee would.