Hi BP community! I'm wondering if anyone here is familiar with Seattle's STR policies and how to get around the (2 max) STR per person policy? 

If a property is owner occupied there is additional leeway that you have, for example certain laws that would apply to a traditional landlord would not apply to you if the property is your primary residence. 

Concentrate your education on real estate principles, real estate law, and real estate finance2.

What makes NJ good is being in areas with favorable land lording laws and proximity to transportation/NYC. 

New Mexico has an unfortunate law against prepayment penalties for DSCR Loans on 2-4 unit multi that requires higher rates, but they don't apply to 5+ and I've seen some people have success with that size range in NM

They are also frowned upon by the title underwriters.These types of investment strategies should only be pursued by seasoned investors that have done them a few dozen times or in close cooperation with a law and title office that knows these systems.Be safe out there guys Alan

We don't currently own anything there and don't plan on doing so in the foreseeable future.The positive is that the landlord tenant laws are much more landlord friendly.

Canadian tax laws double tax on LLCs.

However, I have found that in Seattle, most investors stay away due to the stringent renting laws and the high cost of real estate.

I know the landlord tenant law situation in Minneapolis is not great, but I don't think you have enough of an economic delta to make it worth while to go OOS.