@Erica Schubach I would say if you have a HOA, it all depends on their regulations, but from what i have seen most HOA in Kansas City area or the cities that are better areas like Lee's sunmit, overland park, they prohibit short term rentals, plus the rules of condo are much more complicated and more strict than single families or townhouses.

Keep that knife sharp instead and find someone who is good at multi family or large scale operations and park your money there. 

They will absolutely increase bookings (for all of those commenting that don't live here) I wouldn't rely to heavily on awning or other data sites as they are just that, data, not taking into account all the nuances of a particular home or community, proximity to the theme parks or clubhouse etc.

If we didn't change culture Rosa Parks would still be stuck on the back of the bus.

here in Florida many of the communities with STR rival and exceed hotels in terms of on sit amenities, water parks, etc.

Currently, I am going through due diligence for a new community. This community has 10 POHs, 4 TOHs, and 2 vacant spaces. There are a few major factors that I consider when looking into a deal-making sense.Let me firs...

The new ADU laws were created to try and get SOME housing built in a state that has fought against new homes tooth and nail for 40 years.As a result, 20% of all new homes in Los Angeles last year were ADUs.If that isn't optimal... call up your electeds and tell them you want to see more apartments with less parking in urban neighborhoods.

If your friend just wants to be the bank and park his money for a guaranteed rate of return then I think 10% is fair and pay it like a dividend. 

if you want Zero risk then park in your brokerage account and buy USFR, a wisdom tree ETF, pays 5.39% interest, holds 8 week UT treasury floating rate notes only, so you don't need to worry about FDIC or SPIC insurance as only way US govt doesn't pay is if we get nuked, then you won't much care about Yieldif you ok with mild risk, I put my emergency funds cash into a group of different BDCs i like, these are business development companies (mini-banks) that make loans to small to medium size companies.

That's probably more location specific than anything else (we're near Disney), since a lot of our guests spend most of their time at the parks.