Hey John, welcome to Sac BP -- I'm a local broker and property manager, we manage 100+ Airbnb listings and generally recommend investing in Multifamily as opposed to Single-Family.

So we restricted local landlords who rent to families, and soon the town will experience the very real repercussion of no one wanting to rent to families and professionals.

You might check with a local attorney on this.In NY where I am, the period is 10 years.

@Mitchel Johnson Welcome to BP and I wish you the best in investing..Usually people start by going to local meetups and building a network of trusted people to get their feet wetHere is an examplehttps://www.meetup.com/find/?

Best tip is to add digital locks to each bedroom door and make sure there is enough kitchen space for all parties.

I often times bounce questions like this off my local RE attorney first and then move forward quickly.  

If you end up having a vacancy with no cash flow, it hurts much more than when you are able to offset with cashflow from your other properties.I would recommend seeing if you are able to diversify a bit with some local or out of state properties that do cashflow some, even after Property Management, that way you could start to support these homes.

He was able to verify my identity as a longtime local realtor also. 

It’s like giving the home a sense of place..a nod to local design traditions while still making it feel fresh.

I'm looking to pickup some multifamily real estate but the barrier to entry is crazy in my local market.