You can use financing too but if you want to keep it simple paying cash is fine. 

It's easiest in terms of needing less capital upfront to get the business going, but it's certainly not a simple business.

I'd hate for you to spend thousands on a simple paperwork drill but I also dont want to you to get in over your head.Good luck 

For non-primary residences, they have to follow all of the following rules to receive a permit: - the property must be a minimum of one (1) acre in size (designed as a precaution to disturbances)- The building standards of the underlying zone district must be met - Adequate parking is provided - Defensible Space requirements are met - Valid water and sanitation must be demonstrated - No more than five (5) bedrooms are in the dwelling As time goes on, they continue to become more strict on the rules listed above here, and are actively regulating it.

Anyway, as far as camera systems, I would think a simple Blink system and wifi would work for what you want to do, with something like the Schlage encode for a locking system.

Unfortunately, we live in California so we would have to pay significant capital gains if we sell.Hi Scott, depending on the property and if you’re willing to invest in quality interior design, you could make more money as an STR.

Because you are self servicing your loans most are not legally compliant with consumer protection laws and CFPB requirements such as sending statements on a monthly basis that have all the language the CFPB requires as well as each state may have additional requirements for sending out just a simple statement.

The outside color of the house does not match my expectations for the inside design.

I'm a current NARPM member with both the RMP and MPM designations, as well as a member of IREM, where I'm currently working on my CPM.

We gutted the interior down to the cinder blocks, re-designed the unit layout to fit a more modern lifestyle.