Posters will chime in on recommended strategy but real estate is extremely localized and the fundamentals of the real estate in any given market are what should be dictating your investment strategy not arbitrarily deciding to buy single family homes vs. duplexes. 

Fundamentally the point I was trying to get across in my original post wasn’t about my due diligence, its that the cost of known and unknown repairs when you first acquire a REI is way higher than people seem to anticipate.The way my tax person explained it is the 25K limit you’re talking about is the limit to losses you can claim per property per year, I haven’t hit that for any property individually so it works out.

It looks like they are taking cues from recent regulations implemented in Arlington, TX.That being said, the success of short-term rentals (STRs) boils down to fundamental factors such as location, pricing, and execution.

Tampa is not only a great STR market, but is also leading the way in Floridas real estate market with development, job growth, and net migration, which are all important fundamentals to long term growth.

To the housing providers in Pomona ...how can we teach the Mayor & City Council of Pomona about the economics of and business fundamentals of providing our products to the market (housing)?

Maybe you just think it's your way or the highway and don't get that someone could be successful with another approach.The fact on relying on appreciation in California is that we can't control the fundamentals of the economy that produce that appreciation.

Meanwhile, the assets lack fundamentals, and rarely trade for remotely close to where they appraise.

I would target properties that meet your objective, what ever it is make sure that it is in alignment with fundamentals.

There are fundamental concepts to Sub-to and additional considerations with LT's. 

Feel free to contact me if you have any questions.I've been investing in the industry since 2007 and spend the better part of the last 3 years patiently waiting for market fundamentals to improve which we believe they have and should have some opportunities in the near future.