I have an LLC which holds a 505k mortgage on a house in the Hudson Valley that I currently rent out on Airbnb.

They live in a semi HCOL area called Torrance (house is in a good zip code 90503).

My favorite ones (as a Contractor) are those like : "How much will it cost to re-wire my entire house?"....."...

If it does go to probate, hopefully your brothers and you can amicably go the informal route vs formal (I've worked with families in both when buying properties out of probate and informal is FAR easier).Since there's no debt on the house, maybe you could sell with financing or maybe you could even buy out your brothers with financing -- that way you maintain ownership and just pay them a monthly amount.

I think arbitrage is a great way to do STR with the high interest rates / inflated housing prices we are experiencing now.

For example if you think the house is worth 200K fixed up you need to pay 100K to afford the hard money loan and rehab budget and still have a profit.

Wish they would build houses with this style of architecture still.

Hi Meghan,   My wife and I live in Coon Rapids, but have 2 rental houses in Duluth that we rent to college students.

They even sent someone from the city to the house to tell us to stop operating it as a STR. 

A few years ago there were a lot of get rich quick types, and I still get contacted by people who think they can buy 2 houses and retire on the cashflow.