- Scale Operations: Expand your flipping business even with limited personal capital.- Seize Opportunities: Invest without being heavily dependent on your finances.- Streamline Process: Bypass the bureaucratic hurdles of traditional lenders.By leveraging hard money loans, home equity lines of credit, partnerships, and private lenders, you can boost your ROI and take your real estate investing to the next level!

Both from a transitional and operational point of view. 

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

If you want to be a career landlord, find a landlord attorney who specializes in property management operations.

This is in additional to sound real estate (asset and submarket) and sound operator (operator = property management) and strong syndicator/investment manager/asset manager.Potential upside of buying now: if rates do as the forward curve reflects, you could be buying near the bottom.  

So, what, let's say $75,000 after vacancy, PM, taxes, and other operating costs.$75,000 / $1,000,000 = 7.5% ROI? 

@Grace Galang The only thing you can deduct from the property (ADU) is the expenses associated with operating the STR.

Also, the prior management had done a poor job and gave us upside in operating expenses and in rental income.How did you find this deal and how did you negotiate it?

@Doug WebbI don't know of any operator who would consider holding an asset in their personal name.  

Hey @Eddie Hincewicz, just an FYI, I did an extensive survey of a bunch of lenders and none of them would lend more on an operating STR vs a similar home.That does include if they have a permit.So anyone looking to buy, they would have to come up with the extra cash if the owner wants to charge more than the comps support.