Also in case of fire or flood, I know a regular homeowner's insurance will have no problem covering it.I have been wondering, if the local regulation doesn't require it, why do we need pay thousands of extra for STRs? 

@Chandler Williams this is strictly how I look at wholesaling and house I do it, so just my two cents:As a wholesaler, you should have the ability to put in an EMD within 3 days of opening escrow. 

If you adhere strictly to the laws, you will be limited in the services you can offer to your relative compared to what they would get if they listed their property with a licensed agent, and they will get less money for their property working with you than if they hired an agent.

Since the 10DLC regulations went into place in October 2023, texting is my number 1 marketing channel. 

Research state-specific costs and regulations to decide what’s most cost-effective.3. 

Validate their Legitimacy:Ensure the company is properly licensed and regulated, particularly if you're working with private lenders.

This can sometimes help with regulations and building codes.Just my 2 cents. :)

But that doesn't keep the regulators away.

It will be extended, we'll see a reduction in regulations that hamper small businesses, and we'll see new regulations that help small businesses.

Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.