Because it's an uncertain market right now, with an even more uncertain future, we don't want to make any risky investments or do hard money lending, since it's exactly the failure of these types of projects that will potentially create buying opportunities for us in the future.

I’m not asking if I should convert property I currently own to STR, the answer is probably not because as I have learned from this forum STR only makes sense in vacation destinations where it’s accepted and those cities where restrictive legislation or ordinance hasn’t been enacted, and competition doesn’t degrade rates to the point of no excess returns.So, if you don’t mind sharing, what’s your minimum and your target ROI for an STR?

Good public transport connection with Dart, shouldn't be crowded at this time of the day.We can discuss a variety of topics - starting from our goals and experience to reviewing recent legislation changes...

Yes the accent was very strong back then 1980's, but the plain clothed cops were great.We eventually sold that student housing property for a huge profit JUST before it was outlawed by a code change, a GF of a friend worked in the city office so we had 'insider trading' info on the soon to be legislated laws, so we sold it up & running with great rental income. 

High rent to lower acquisition point is a huge factor, but please don't ignore all the other factors - net migration, income growth, path of progress, job diversity, legislation, taxes, personnel in the area to build a successful team....etcI heard on a podcast the other day that your internal team is like your golf swing and the area you choose is the golf club you select. 

I am a little embarrassed to ask this but after researching R-3 Zoning, I have a few questions:Information:     - I have a lot, nearly 6k square feet, in Phoenix AZ and it is zoned R-3     - It currently has two duplexes on it for a total of four units     - At least one of the units is an addition     - I am uncertain as to the permits, however I did purchase it this way and there were no questions or issues in inspection or appraisal     - I am considering adding another unit or two, or at the very least expanding a unit to add another bedroom.Questions:     - In reading the coding, I am not sure where I land (Conventional or Planned Residential Development - I am assuming conventional but unsure of the distinction)     - I am a little confused as to whether the rules for dwelling unit density are specific to number of units or number of structuresAny feedback would be so very appreciated!

@Wayne Brooks Seller is Nationstar Mortgage situated in Texas, so I'm uncertain how they came across the property.

I have asked them many questions and have received lots of useful numbers like insurance costs, property manager costs, maintenance costs, etc. but the one thing I'm uncertain about is their high vacancies.I'm trying to find out the followings things:Are dual-purpose condo rentals (renting and using for family) viable options for positive cash flow in general?

Another reason I love Indiana:http://iga.in.gov/legislative/2019/bills/house/1347

@Avee-Ashanti ShabazzYes, I'm sure the government is just going to bend over backwards for poor minority populations in America and pass that legislation yesterday.