Now you'll probably here a number of naysayers tell you that" according to federal regulation such and such with the Dodd Frank Law blah blah blah you can't get a mortgage loan for under 60K." 

No they won't mind because you're paying them a fee for their services up front.But.....you'd better check your local regulations first before you think you're going to do the work yourself.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.

This strategy provides flexibility and can be used to control a property with minimal upfront costs.Before diving into any specific strategy, it's crucial to thoroughly research and understand the local market, regulations, and potential risks associated with each approach.

.- (more and more municipalities are adding anti-STR regulations- you are competing against so many other people who want to jump on the bandwagon- you have no real control or authority on the properties you manage- you will be held accountable by the real owner and by the renters - but no deep pockets to handle issuesSeems like a niche that is being squeezed out. 

Most city/county regulations want no less than 1 million in liability, so we require that for any clients.

However, it seems like there are so many rules and regulations with the State/City and when it comes to getting approved to list on Airbnb. 

For tax-related matters, seek advice from a qualified CPA or tax advisor familiar with Minnesota's rental property tax regulations.

I am in Texas so currently there is not a lot of regulation or need to be licensed here, but rules vary by state as noted above.