.-- If you're the lessee (and not the deed holder / owner): COH will require written consent by the owner to the use of their property as a        STR and to accept liability for taxes if the STR operator does not adequately remit Hotel Occupancy Taxes (HOT) as per local                         regulations. laws—a responsibility most owners will be reluctant to accept.-- Expect a grace period of two months once the new regulations are enacted into law.

I've tried emailing the operator but it's been a couple of weeks and I haven't heard anything. 

For example - say you're a limited experience owner/operator buying a 30-unit deal in downtown Seattle (a Freddie Mac SBL "Top Market").

or simply do not operate in that state.

Because at some point you may additionally have a major event/appliance failure and a large expense will make it even more expensive mistake. 

I think the biggest challenge is making sure you have systems and operations in place early on.

Remember the LLC can be deemed worthless if you fail to operate your business in accordance with  with the operating agreement.

Please respond only about Grocapitus deals, not ones from Neal's previous operator or general comments about him or his underwriting methodology. 

We have done that a number of times, it is great once you have everything completed for the home to be licenced and you find a great operator.

The market I operate in is Denver CO.