It specifically says it is not for real estate investment, but I believe you would be buying an operating business vs just real estate.This is so helpful Michael, thanks so much!  

The city operates on a block-by-block basis, and understanding those nuances takes legwork—or working with someone who truly knows the area.

Here are some of the more longstanding discussions that may help to answer your questions.Specifically at Rent To Retirement, we operate a turnkey marketplace that focuses about 90% on A class, new construction properties located in growth markets.

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

Property owners remain responsible for operations and maintenance, only because they retain full ownership.

The plan is to keep operating the property as a PadSplit post-acquisition.

I made that mistake with a 2 bedroom condo - after 1 year, I had to shut down operations due to HOA rule violations of NO short-term rentals less than 30 days.#8 The 30 day+ rule -  Certain places Airbnb is outlawed or a softer rule is the 30day+ rule.   

Regards, ClarkI'm curious, @Zhenyang Jin, with a DSCR at 1.30x, what are you total operating expenses relative to your EGI (Rent after vacancy expenes)? 

Now have a portfolio of 6 properties with some that are owned others just managed but turn key operation for sure. 

Your best bet would be to connect with local operators and ask them.