When I did my early high level due diligence it looked to me like they weren't issuing any new permits, but I would love to be wrong on that.I do know, having just stayed there in an airbnb, that even for existing permits the rules are extremely strict. 

We have had tenants for two years with no problems, so hopefully we aren’t doing anything wrong.

buy wrong and you end up like these folkshttps://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/610/topics/990055-disas...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

What else is wrong with the home? 

I don't think any are really wrong, it's just how we want to do business.     

Use 50% rule as quick verification, but at your estimated cash flow at the allocation for maintenance/cap ex is wrong. 

With a fund some can offer tax preferred treatment such as dividend vs ordinary income so it’s something to review not just gross but net returnsThere is no right or wrong answer to this, it’s truly a preference and how comfortable you are with each type of investment

I don’t know if some tiles were replaced or installed in the wrong direction (since they do have a “grain” to hide seams) or replaced, but I was very disappointed that looking across the room I could easily pick out a number of the squares.

Their sales data is wrong.

This changes with a few factors but it works to prevent issues in buying the wrong property.