They STR game can be very complicated in NE Florida due to zoning laws, imaginary lines between cities that are and are not incorporated and county rules.  

At the moment things look pretty similar to what they had looked like for almost a decade pre-covid.

Quote from @Mike Schorah: Facebook Marketplace is full of drug addicts.I used to find professionals on Craigslist easily pre-Bideninflation.Interesting.

Without any of the pre-paid training?

I have been pre-approved for an FHA loan of 3.5% up to $515,250 for a duplex (looking for at least a 4bd/2ba), and based on HOA fees, I've been approved for about $450,000 for a condo (looking for at least a 1bd/1ba).My plan for the long-term is to own the property for at least 15-20 years. 

Once the borrower is tied into these they are quite cumbersome to manage for the borrower and god forbid there is a default of any kind :)  or with the pre pay penalties and the reporting and the covenants to keep a certain DSR etc etc I mean look at all the syndicators who are leaking oil because they cant meet loan covenants.. 

Recently I received an ad showing that PTH (www.putianhouse.com) is selling pre fabricated houses and ships them from China.

I also suspect home prices would initially rise on the first 1-1.5% of cuts, but ultimately fall once we get to the 3-4% range as large  pre-pandemic supply comes back online, compounded by boomer land lords selling realizing the top of the market is in the rear view mirror (at least for them).If you eventually get squeezed on lower rents and valuations as the market normalizes, the ability to BRRR your pandemic era deals will be limited, so how do avoid trapping capital in the deals you already own from this environment? 

@Marcus Amison an LLC incorporated in Maryland can buy an investment property in Ohio. 

As for my comment on being dangerous - one of my mentors had a vacation rental (pre-Airbnb) in Costa Rica and was mugged while traveling to the house at knifepoint.