I own and operate around 300 doors. https://docs.google.com/document/d/13SEAyhH7We1kjI8DlDVfxERP...

I'm actually surprised you managed to get a 9% ROI but I guess that's thanks to you being a good operator and getting 95% occupancy as a result.

Utility bills and maintenance records will give insight into operational costs.

Requiring a real estate broker/salesman's license to operate as a wholesaler and, or 2.

We have operated STRs since 1999 and they had been around long before then (STEs have existed for many decades).  

I've noticed homes 30% larger than mine are paying about 1/3 of my tax amount.I know I missed the appeal window. 

I have an operate account for my cabin that I pay for as a backup.

Has anyone been in a situation where they acquired a condo and operated it as an STR when the HOA did not make the exclusion in their CC&Rs, but then faced resistance from the HOA?

Operator positions themselves as the owner of the Property Management company when they in fact, are not.

That being said, I scrapped the idea and bought another rental property.One hack to consider, a colleague of mine finished a third floor, made the third floor the living room and kitchen and the second floor the two bedrooms because that scenario avoided the need for a second means of egress.