The seller can supply everything they used to market, pictures, ad copy, etc., but they cannot sell their AirBnB account to another person.

I would never let a client purchase in certain areas of my local market....

Hi Anthony-You asked about the best ways to find off-market deals for your in-laws to buy and move into and you are focussed on the Santa Barbara, CA area which I have been to and it is gorgeous.It kind of reminds me of an Ann Arbor on the ocean. :)Anyway, I like your strategy of driving and looking for houses in need of repair and sending handwritten letters and contacting rentals for the reasons you gave.

I'm looking to pickup some multifamily real estate but the barrier to entry is crazy in my local market.

The IRS seems to hedge on this and I see other custodians marketing say you cannot have full time employees.

Every where you turn there are STRs going up on the market fully furnished because they couldn't pay the mortgage and bills with the rental income. 

Just make it digital so you can update it constantly.

Fifteen percent IRR is possible, and single digit cash on cash is achievable. 

Whether you’re looking at SFHs, duplexes, or other properties, it’s important to pair on-paper data with boots-on-the-ground knowledge to really get a sense of values.If you’re considering anything serious in Detroit, I’d recommend connecting with someone who knows the market inside and out.

I just completed a second boots-on market tour of TN markets.