We’re sorry to hear that your experience fell short of your expectations, we value this opportunity to reflect and improve.We worked closely with you for over a year to prepare your property for success in the short-term rental market.

As a general rule of thumb most municipalities expect for the applicant to demonstrate hardship.

@Celine Li Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

We expect to make 3-4X our invested capital.

I have 2 girls and just found out this week we are expecting another one.

T/C, J/T, TbyE, the solution is the same... and the solution is to get the missing owner(s) to sign the easement agreement. 

Seems like that has a bigger difference than you'd expect. 

Based on your question and your expectations, stay in index funds.

And be sure you have the ability to fire them at will and settle up so if they aren't progressing how you would expect, you can move on without paying huge penalties or in some cases not having any way of being able to fire them at all (some of the builders' contracts are ridiculously in their favor). 

Honestly, most people don’t expect it anymore unless you're catering to older guests or sports fans.