@Cory WeberFrom a pure agent position: There will be your exam fee and state license fee. 

As a pure investor (not an agent) you don't owe them fiduciary duty.   

@Nathan EstochenI have friends who operate in Seattle and it’s really bad out there for STRs - especially for operators using a pure lease arb strategy.

On the one hand, as long as we aren't significantly losing money on a month to month basis I feel it best to maintain the property purely from an appreciation standpoint (strong location close to the a large medical center) with an dramatic increase in housing.  

One of you is getting a check written to your name or company name (I assume if you are during pure cash whats the point of asking...). 

First, on a purely investment standpoint, would you leverage the money instead and buy 4 B neighborhood properties? 

It really takes the emotion out of a deal when you haven't walked the place and you can focus purely on numbers.

Either way will work. 1 is buying higher quality doors vs pure door count.

This is your bill to pay, pure and simple.

This law is absolutely unconscionable and in my view is a pure and simple taking.