I reviewed the SB9 legislation, and it states that properties occupied by a tenant in the last 3 years are excluded from SB9 but only if the project includes demolition or altering more than 25% of the exterior structural wall.

Short-term rentals are becoming oversaturated in certain markets plus anti-STR legislation is resulting in some of those properties also converting to long-term rentals.You already have the operations experience by self-managing.

Whether it’s understanding the new legislation or tackling the day-to-day management of your property, it’s worth having a conversation to see what might work best for you.

Curious if 1031 Exchange laws vary by state, or if it is just federal legislation.

This kind of legislation discourages good investors and people who enjoy coming in and helping to stabilize communities.

I for one want to buy a property and STR it in Asheville, but I think this legislation nixes that idea.

If you are going to share lease edits  brought on by local landlord tenant legislation updates make sure to include the location but I suspect edits influenced by tenant interaction will be most helpful to those who read these forums. 

Yes it is new legislation that passed.  

Also, the foreclosure process in Texas is a quick 41 to 50 day process.Lastly, Texas has passed mortgage wrap legislation to help on these. 

The verbiage on the contract, concealing your NET, being able to truly purchase with cash..... but most importantly, I am a firm believer that more legislation will come in (Oklahoma, Illinois, NJ) are examples - and assignments will one day be banned, especially for those non-licensed.