My main objective is generating a cash flow which pretty much eliminates local market. 

I know its expensive but you will be well protected :)Or you save a lot of money and be better protected by doing this consistently and well:-carry appropriate types and amounts of insurance-sign contracts with indemnification provisions- obtain all necessary licenses and permits to operate your business-ensure all vendors/contractors are licensed and insured and list you as additional insured-sign well drafted and fair leases and be a responsive landlord -be an active owner or hire an active PM  who avoids or at worse timely eliminates premises liability exposure The strategies you often read about are sold by alarmist asset protection companies who fail to disclose how impractical they are.

Plus none of us want this part of the tax law eliminated because some eager beaver IRS person keeps hearing of this "STR loophole" and decides to take steps to either change or get rid of it.

Hi Raquel,You should consider closing these as two separate transactions to eliminate a potential partial release fee in the future.

I tend to agree, I hate to lose all of my passive income just to eliminate my primary mortgage. just out of curiosity, what makes you say that an HOA is a hindrance?

I try to find out what expenses can be eliminated, decreased or offloaded to the tenant instead of just rely on rent hikes 

There are multiple resources to help you find a market and eliminate markets where you don't want to invest.

I find when looking for a market to use the elimination method.

So what I did is I looked at median prices of 2 bed condos between 800-1200sqft built between 1980-1990, I did this to eliminate new condos being added into the pricing pool, and look at this rollercoaster...Detached faired a LOT better, less variability in downturns, and much better return (for this chart I did not look at semi-detached, but the trend is closer to detached)

Originally posted by Account Closed:Here is the link to a Ch.4 WIVB news article about the company Sunrise Capital Investors (Clearwater Fla.) that bought the Akron Mobile Home Park in Akron NY.