However, if you're torn between 2 great options with one being familiar and one not, the familiar one breaks the tie IMO.If you're looking to use the property as a short-term rental, the following locations rank as the 5 best places to buy in 2018 (according to a recent report): Panama City Beach, FloridaChicago, IllinoisNapa, CaliforniaTulsa, OklahomaMemphis, TennesseeYou'll also want to consider any additional costs that may be required to effectively run the rental depending on the location and condition the property is in when it's purchased; including home upgrades, management fees, taxes, insurance, and utilities.Before you get in too deep, though, you'll want to check in on the local policies, rules, and regulations to ensure all of your bases are covered.

While I do not know the local fire code in Baltimore, here If the building does not have a secondary exit for both units (regulations differ a little depending on whether either entrance/exit is shared vs independent), they would not be legal accommodations.

I would like to hear positive and negatives about having a rental in a trailer park ie regulations, tenant screening ...

I can get about $1100-1300 for a 3 bed, 2 bath.I would like to hear positive and negatives about having a rental in a trailer park ie regulations, tenant screening ...

The price they can charge is not regulated, AFAIK.

Isn't it against BK law and/or department of real Estate regulations.

(Makes me feel claustrophobic just thinking about it :badwords: )I'm betting the septic system is going to cost a bundle with all the new regulations around here...

All under the guise of "helping homeowners" or "bolstering the financial system" but in reality its just a sickening good ol' boy network between big banks/brokers and their "regulators".

I'm trying to learn as much as possible and for now my "main" lessons would be:1 Get off the couch now2 You make your profit when you buy3 Cash(flow) is King4 Treat this as a business not as a hobbyI live in Holland and over here EVERYTHING is regulated and real estate is no exception.

They are looking at these transactions now as taboo.Unfortunately, soo many greedy investors as well as unethical ones, have ruined many of the creative startegies we have used and new laws, rules, regulations, and lending practices are changing.