I heard there are a lot of sketchy banks out there so I am trying to find a couple that you would all recommend and if I could pick your brain about your experience!

Would the renters insurance pick it up as the first line of defense?

What are the best sites and what filters do I use to pick the best deals?

You'll first need to pick a strategy.

For example, and this is picked at random, this house is $130,000 Kansas City.- I could easily put down a cash down payment and given my wages in Los Angeles, if need be, pay the mortgage when it is not being rented.- What are the potential problems other than not being there in person 24/7?

T Lol pick your poison it sounds like.

Oftentimes when municipalities ban STRs they will grandfather in existing operators, but if you are mid build when they do that you’re screwed  Once you’ve identified a list of “safe” markets, compare them on Airdna to see where you can likely charge the most (I’m assuming building costs will be more or less similar, so you might as well pick the area where you can earn more revenue)Also, in this market you may be able to pick up land with seller financing instead of having to buy in cash or traditional financing … potentially low or no money down, and won’t affect your personal DTI.

The substantial 40%+ YoY increase in new listings in February is generally consistent with Austin’s typical seasonal pattern, where seller activity picks up as we head into spring.

I might cherry pick the best property or try a lower price.

This is not a scare tactic its more of a buyer beware to do research and pick a good Bank/lender.