In STR common markets like Gatlinburg this naturally adjusts itself as most homes are STRs so the entire market lifts to meet their cap rates, and they appraise on those cap rates in spirit, even if not technically. 

From my point of view for event guest screening and security deposits, Superhog is reliable and integrates well for STRs and events, but you might need to adjust its setup for your use case.

For me, I would fix it now so its one less thing i have to worry about - but if the $25k would set you back a lot, then many would wait.

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.

Start by analyzing deals, setting clear goals, and building a strong network.

Once you've been preapproved, you can find an investor-focused agent in your market that will set you up with an email list of properties that match your criteria. 

Mine set under the below types. 

After the property is acquired, during any 30-month period, the additions to the basis need to exceed the adjusted basis at the start of the 30-month period.What is the 50% of gross income test?

Instead, he seems focused on discouraging me from setting up an LLC due to the fees associated with California.

Cash-  set aside a large cash equivalent position.