Stuart agree on development deals but on rural acreage that your going to build one home on and there are no real entitlement process to go through other than a permit for driveway and pad or septic permit.. these can and do create some value when done right.

But to answer your question why you still see so many active STR's on Airbnb in a restricted area, it could be a couple things: It could be a "hosted rental" meaning the homeowner is there and is just renting rooms on Airbnb.

The buyers sittings on tons of cash waiting for market to change ( yield buyers ).

Open to hear/read and tips and advices that could help me on my research for my first deal!

Update: Ended up removing tenant, renovating, and now at $1000/mo. on $1875 mortgage on the duplex which I live in the other side. 

Even if they offer a 721 on any property, I would recommend looking elsewhere.

@Shiloh LundahlJust like subject to, seller financing, and wholesaling, gross misconduct on the part of some “sharp” operators and criminal conduct on the part of some serial criminals have led to “hysteria” about the “evil” of lease options. 

Hi Michelle,I did a review of Tom Cruz course on : https://www.affiliatemarketer.... 

Congrats on taking the first steps.

Congratulations on setting up your Self-Directed IRA (SDIRA)!