If you are an accredited investor and investing $10k, then yeah, who cares.

@Lucas Schlund the same thing that happened to all the STRs in NY City when their ordinance went into effect, as well as many other cities.Owners must comply and the government doesn't care about your potential losses:(

I am taking care of the rentals and 2 teen daughters.

Would they know/care if the money comes from someone else's account?

Closing on another Walgreens 11.75 cap rate in DecemberAnother corp day care under agreement almost 11 capAnother Walgreens currently negotiating in 10's for cap rate with 80k cars per day corner.Have offers out on others also.

I would be VERY careful with the town.

Every license comes with its own responsibilities, fees, and obligations—like insurance, NAR dues, and other costs—so it’s important to think carefully about your goals before jumping in.I have to respectfully disagree with Erik.

STR income will always be dependent on who I managing the property, how nice the finishes and furnishings are, and the actual location of a property within the given city.With my STR in Destin, numbers are more or less the same as last year, perhaps down just a hair. 

Donate the Property: Donating the property to a qualified charitable organization can provide you with a charitable deduction equal to the property’s fair market value and eliminate capital gains taxes.Implementing these strategies requires careful planning and consideration of your specific financial situation.

I would definitely take care of the cracked/chipping ceilings.