I manage a bevy of STR properties in Costa Rica and from a yield perspective, things have definitely started to return to normal as far as revenue generation goes.

Looking at this from this perspective just scared the hell out of me.

Or just stay where you are with that current perspective that keeps you from being in the know.

When people take advice on here, they need to consider all things involved and not run with one perspective.

It’s awesome to hear how much thought you’re putting into your next purchase-it’s clear you’ve got a great perspective as both an experienced traveler and investor.

My perspective was from a small business private lender rather than RE lending, but the mechanics were largely the same. 

I can definitely see how going 100 miles south towards San Diego can give me greater perspective into out of state flips.I can agree to disagree that the best contractors are not found on yelp.

It's always a personal choice everyone has a different perspective.   

I appreciate this alternative perspective @Zeona McIntyre!

When you go to sell, Montvale requires a certificate of occupancy so this issue has to be resolved in advance of a sale.Although I am not a lender, I assume you will not be approved for an owner-occupied mortgage on 5-units if it is a legal 4-unit without some type of mortgage fraud whether in reported rents, units, or another legal document or representation (very very large issue from a legal perspective with multiple arrests in the last year for anyone playing fast and loose).As far as the DCA, I would recommend coordinating your work with the city with the DCA.