There are lots of flaws with the argument though:1.By nature STRs do not have long term contracts with their "tenants".2.  

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Most of my borrowers tell me that their biggest challenge is locating the deals that make sense on numbers/profits.

With new builds are you typically able to refinance and pull money out after construction is finished and tenants are placed or will our investment funds be locked up in the property for a few years until prices naturally appreciate? 

What have been some of the most surprising challenges you've faced so far?

Challenges?

Temperature control:  It's always naturally cooler downstairs, and in the heights of summer and winter, I just cannot get the temperature regulated for both me and my tenant to where we're both comfortable. 

Transitioning into hard money lending is a natural step given your experience.

Hello everyone,I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.I have a pending income tax payment of approximately $200K for the year 2023, due by September 10.

This is a big challenge to every one of us.Not allowing tenants with cats is possible but tenants may cheat not declaring cats.