Now onto the real estate...If you truly want to protect yourself against STR regulations only purchase property with the intent of  operating as an STR where these three principles apply: (1) the use is allowed, (2) the use requirements are protected by in place permitting and licensing and (3) the permissions are transferable through a sale.

Quote from @Devin Peterson: Quote from @Hassan Tejan-Kella: Hello all I'm a 6 year investor mainly involved in long term rentals.

Magnolia has changed the face of Waco and is now the main attracting force for people to move here and businesses to come here.

My idea is that I could offer a contract to architects with intent to purchase, as long as the numbers work.

However, for example South Carolina, wholesaling and double closing are now illegal because the intent is the same.My team has funded a few of those. u a wholesaler? 

Hi Kyle, not sure what you mean by underground, but I'm based in Seattle and invest in mainly midwest markets (Detroit and Memphis) where I have 9 (soon to be 10) doors.

I've also been focused mainly on Pgh because I have family there who are contractors and can to do any repairs/refurbishments.  

I realized we would not get the same valuation as the main home but at $130k for 440sq ft I did not realize we could be in a negative equity position.  

A bigger concern is someone who clearly fits the rules as they are written and intentionally acts in good faith, only to have the IRS comb through their time logs and arbitrarily finds some of those time entries invalid and/or inflated.

I have considered doing the CPE for property managers under NARPM, even though I have no intentions of becoming a property manager.Would that be a good idea to help wrap my head around the various fee structures?