It's an area I don't actively recommend STR as it does have usage limitations (duration restrictions between guests) but it's primarily a second home getaway and will transition to full time vacation rental down the line.

Ed,I have a deed restriction issue that I hope to find a solution for. 

While I agree that the tenant who shot a hole in your floor should be responsible for the damages, if I was the tenant below, I would want to leave, not attend a party with the person who literally could have killed me due to their incredible gross negligence.Pending legal restrictions, this would be the end of my wanting the business of the upstairs tenant.

There are some restrictions for trying to use VA benefits on a second property based off the entitlement. 

It sounds like he believes CAP rates have a significant chance of going higher still given most likely conditions.Hospitality can be highly risky as some asset types can be heavily affected by a recession and corporate travel restrictions. 

In that realm of mortgages, there is a restriction on pricing being compliant, and that is typically 3 points in total that can be charged to a buyer. 

Yeah, the shape restrictions are why I've moved away from murphy beds.

Put in the effort, build relationships, prove your value, and improve your odds of finding someone to help launch you on your path.

Know what you're getting into beforehand and know that things could change over time to become less favorable to STRs.At the state level, there are currently no restrictions on STRs, but that could change.

It's odd, how my remotes and lightbulbs need to be constantly replaced at my STRs but not at my house during the same time period.