It also sounds like you don't fully understand the laws.

It sounds like you are taking all the risk and they are doing what a normal property management company would do.

Hey Henrry, I appreciate your response and I think setting up a website sounds like a great strategy that I never really thought about.

The way that I think about these things is as follows: what things will hurt the value of the property and/or annoy the neighbors and/or get me fined if I assign to the tenants and they don't do it.1.

As much as investors tend to complain about realtors, I'd strongly suggest that YOU need one since you sound very new to the game.

The potential for a loan call is higher and higher with sub to the more parties you involve if that makes sense.Trying to take down four homes sub to and then do remodels to them all, and then list them on short-term rental sites, and get full permitting and ok for not just the STR, but for your renovations and all prior renovations maybe done without a permit, while on subto, sounds like a pretty big mess to me.I would consult with a sub to specialist and prepare for the potential of having all the loans called at some point.

I also see where you’re coming from regarding the no state income tax—it can sound great, but when property taxes offset any savings, it loses appeal fast.

.- Does anyone think this is a sound idea?

Sounds good, thank you!!

@John PipitoneIt sounds like you want to rent your place for more than 180 days?