If your short term rental is advertised on a platform not doing this, then the operator must continue to report and pay HOT directly to the city every month.

You have about $280,000 in equity in your home and you want to put it to work doing a fix and flip this year and continue that model.

I enjoy a healthy debate and learned a lot from this thread 7 months ago and continue to learn from it today!

The lessons I’ve learned will undoubtedly guide my future investments - this journey is continuing! 

The part that seems to continuously get people (unfortunately, and for lack of better words) is the "no evictions, no bankruptcy, and no more than 6 non-medical collections." 

I arrive the day of to investigate. 

We both were approved for a 180-month 5.85% loan, as well as a 7% 30-year fixed mortgage, but we will continue to shop around with the idea that we would just pay off the entire mortgage once our funds become liquid. 

You can't continue to step up that basis after 6 months.

could do really great charitable things with that kind of money) and more than likely even if retired at a young age, I plan to continue investing and scaling. 

I still consider myself fairly new to this world, and I can say with 100% certainly the biggest battles are the internal ones, and this industry has given the pleasure of being forced to address several of my short comings, and continue to address them all the time.I find I get the most emotional when I get reactionary, so my constant focus is around honing and suppressing reaction as a whole both internal and external.Thanks for taking the time to write this up.