Basically, you can't STR an entire home here, or even an ADU, and can only STR out a portion of a home that you reside in.

Take your sales price, minus selling costs, minus any capex, minus purchase price and that’s your taxable gain.

Opendoor Technologies Inc. has released its annual list of the hottest ZIP codes in the country for home sales. 

Net earnings were about $400,000/year, so the business component of the sale was valued at about 3X, or $1.2M. 

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

Based in Santa Monica, focused on out-of-state markets with strong growth.Not here for sales pitches, just real connections, real deals, and real conversations.

of course the sale of hurricane damaged houses also confuses the issue (my house had no such damage but is only about 4 blocks from houses that did).

Quote from @Paul Lucenti: We just closed on our 9th deal and first of 2025 - sales price was $115,000 and total monthly cost is $890. 

Is it mainly a sales pitch or is there good knowledge that you cannot find elsewhere?

Quote from @Joshua Alcantara: Quote from @Peter Walther: I've found many properties with title issues wind up with unpaid property taxes so checking on delinquent taxes, tax deed sales and lands available for taxes might help you identify some.Thanks, Peter, for the info!