One of my favorite authors, Nicholas Nassim Taleb, sold me on the concept of Skin in the Game and holding all pundits accountable for prior predictions, myself included. 

Magistrates tend to have long memories and also tend to hold grudges against local incompetent landlords.So if he wakes up and talks to someone with any brains and experience, this won't go to court, but he'll start looking for another excuse to get rid of you, something much easier to argue in court.

Investment Info:Single-family residence buy & hold investment.

@Ben Cochran I hope you have factored STR tax savings into your cashflow and ROI as it can be significant.Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.

However, in such a case, a rescue fund would hold a superior position in the capital structure compared to the common equity investors, including yourselves and there acting as a parasite taking equity upside from all common equity investors.While this might provide a safer position for the pref equity slash rescue fund, it would also significantly impact the returns for common equity investors (previous guys).

I started with a Michigan LLC/LP entity set up to hold the properties.

Forget about quick flips and focus on acquiring and holding properties like a wise owl.

Hey Celine, great questions.Our firm invests in Michigan and Ohio, with 90% of our holdings in southeast Michigan.

It depends on how long you plan on holding the property for.

I buy 1-2 properties a month for long term hold.