In the event of recent non-drivable we would allow more time to get in operational state than we would allow for other lease violationsIn my market option 3 could be very costly.  

Run an Opco/Propco model.If your business utilizes real estate as part of ongoing operations you can get all the tax benefits of active RE by having the building purchase and hold the RE.3.

It is imperative that you protect yourself (and your guests) by using the legal language and requirements of the state you're operating in.

I've only briefly used BNBCalc, but I've heard long-term STR operators that have underwritten thousands of properties, say they would only use BNBCalc along with Airdna.

You have a requirement for standard normal operation.

It all comes down to the quality of the operator.

Yes, it's not far and yes Milwaukee is a little better market to invest, but overall the cost and in-efficlencies of operating remote are not worth the effort.

However, some costs like repairs, maintenance, and certain other operating expenses incurred while the property is being rented out can be deducted in the year they are incurred.

I know the tools aren't always 100% reliable due to bad data so I'm curious if anyone here as experience with STRs in Albuquerque.It also seems like STR regulations aren't super strict at the moment - need to register for a permit and comply with various rules around occupancy limits, acknowledgements, etc - nothing too crazy.

Hi Chris,I am an operator and also have 50+ Real Estate clients with my advertising agency, many on whom are using Left Main.