Tim Gordon  I had a client in MS.. that got fined for this.. as well. he had big website selling turn key and taking fees on the HUD...

Hi BiggerPockets Investors,Here are three key tips to consider when buying a short-term rental in the Poconos:Bedroom Count:  What size home are you curious about purchasing? 

Please be patient with me.

I think the key person to notify would be the seller (or the seller's agent).

Have your standard Home/Hazard insurance on the property and your personnal "umbrella" policy for liability.The company itself will be required to maintain their own insurance and each patient/resident under their care will sign a contract with that company, not with you as the property owner.I have a 5 br home in Oahu, HI leased out for the next 3 years to a residential assisted living facility above FMV rent.Biggest thing is making sure that the company does THEIR DUE DILIGENCE in pulling the permits and making any changes to the home in order to comply with the state regulations.

I recommend they have 10+ years experience, work in real estate full-time, own rentals, and work with investors.I personally think a good PM is key.

Tenant left the key in the lock box and the contractor, a handyman, took care of repairs.

Castle and Key was a interesting choice but they definitely to me hit the mark for gin more.

However, considering gross monthly income and operational expenses, I'm looking for strategies or types of properties that can provide a better net ROI.Here are some key points:Location: At least a C neighborhood that is safe for driving around at all hours.Cashflow: Investments that can deliver superior cash flow.Involvement: I have the time and willingness to handle maintenance and operational activities myself.

Just wondering what are some of you total no go's after you receive the inspection report back on a turn key property you have an accepted offer for?