It's a loophole, and it will eventually close, everywhere.Any property I buy going forward that I plan to hold long term I will only buy in areas that are already extremely strictly regulated for STRs. 

Trust me I eventually want to turn everything over (9 properties and growing) to a manager for time recapture, but it is hard to find a good one in which I would want as a business partner (management should be considered a business partnership mentally).

Eventually you'll have 1 million and that amount invested very conservatively yields 3-5% and $2500-$4000 a month.  

., this I think is longer term implosions as I am seeing people who absolutely should not be buying a home as they have no money buy them sub-to because of little down payment and will eventually lose the property and that is when many whose mortgages are still on the property come out and sue.

Yes I do think eventually the laws will pass in more states and wholesalers will have to provide much more value. 

I wound up telling him rent received after the 1st is late even though by law I couldn't charge a late fee until the 5th, he corrected his behavior some and we parted ways eventually. 

There are many ways to do it, it's a matter of what makes the most sense for your situation.Start researching what areas you want to eventually live in- that also have a good rental market.

I am a newbie and looking to eventually get into the Birmingham market.  

The Baldwin Country area is growing extremely quickly, and eventually they will run out of room at the beach and the Eastern Shore and will have no choice but to expand north in that direction.

@Crystal Sherman you can try to wing everything you do, but you'll eventually find it is efficient due to time constraints and costly mistakes.So, you'll want to create efficient processes for everything.