There's a lot of people on social media that makes it sound like owning RE is a walk in the park. 

Advice: 1) Check out the permit status with the City - ask for open permit vs closed permits.

Also quality of life and social demographics could not be farther apart from N.

Hi Dasha,Very cool to see someone 16 years old on the BiggerPockets forum with an interest in professional life and investing time into their future rather than endlessly scrolling through social media videos! 

The zoning board can impose fines. also need to adjust lease agreements to reflect tenants status. in the end, with how lenders reflect potential rental income v mtg (dscr) harder to qualify the loan. 

As applied to 1031 exchanges, the most relevant exceptions that allow you to disregard FIRPTA include:You (the Buyer) are going to be using the property as your principal residence, and the fair market value is less than $300,000The Seller provides you with a Certificate of Non-Foreign Status (meaning that FIRPTA does not apply)If the foreign Seller obtains a FIRPTA Withholding Certificate by filing Form 8288-B.It is important to note that the foreign Seller cannot submit the Form 8288-B until there is a valid real estate contract.

The market and current status of your property will determine which is the best case there.

IMPORTANT:--Guest communications, including setting up your automated messages--Price adjustments (key into seasonal pricing and important events in your area)--Listing description and noting amenities--Guest reviews--Learning from experienced hosts with great reviews (you can do this on many social media sites, including the Facebook group, Short Term Rental, Long Term Wealth)UNIMPORTANT:--Watching your Ring Doorbell camera--Obsessing about minute details that other hosts are freaking out about--Being a control freak about ANYTHING related to this business. 

While agent would prefer to defend status quo but the ball would be on brokerage and the new brokerage that has more efficient transaction system and able to offer something radically simpler for buyer and seller.

The one thing to be careful of here is HUD often lists "a physician, psychiatrist, social worker, or other mental health professional" as the people who can prescribe.