What challenges did you face during your conversion?

Hey @Devin Bost, it sounds like you’re facing a common challenge in managing short-term rentals remotely.

Tricky with current interest rate environment, as a refinance makes no sense rn.

I would be reluctant if it were a gas station or other environmentally challenged property though). 

I understand that at a minimum, I HAVE to register in CA since that's where the property is, but the lawyer is indicating that NV's a friendlier environment for Landlords so I should register in NV and just "do business" in CA.My questions are:  Is there a material benefit to registering in NV and then also CA? 

Make sure the policy covers not only accidents on the premises but also any potential caregiver liability.Staffing: Staffing can be both your biggest challenge and your greatest asset.

I think since it's 'new construction' I assume it's way more complicated, and I'm sure it comes with different challenges and factors to consider, but as long as you buy it right, have supporting new construction comps, and are confident with your cost per sf analysis, you can hit your target margin - or close to at least! 

It has been challenging looking for a MLS only broker..did you do more research on your side? 

Agree with Jay. we are not at all familiar with Oregon (or Washington) and stay out of those states as they can be challenging. 

This became even tougher given the challenges I faced soon after, like discovering the low ARV of properties and dealing with a neighborhood rated as C- along with an eviction situation.As I mentioned earlier, I really valued the experiences I gained, despite the setbacks and failures.