The legal definition of gross negligence is: "An act marked by total disregard for the rights and/or safety of others, and with complete indifference to the consequences of the act."

It is definitely a goal to have a STR in the PNW one day. 

It's definitely a priority to be putting the spotlight on awesome community members like yourself who have used the content and education BP provides to build a better life for themselves however that looks!

Two conflicting truths: - Wholesaling is definitely a real part of the real estate investing industry and makes up at least 3-5% of transaction volume by members of this forum when polled, especially flippers. - I believe (and will bet anyone who cares to oppose me) there are less than 1,000 people in this country who can claim $100K or more in assignment feels or similar wholesaling income for at least 3 years in a row. 

That is definitely a motivator to seek a different market.

So I recently have been studying the marketing strategies that come with wholesaling and have found that direct mail definitely catches my eye the most.

@Randy Winzeler You are definitely still eligible for depreciation and a cost segregation study. 

Hey Luke - Tapping into your equity through a HELOC is definitely a common way to fund a down payment, but like you said, having two open loans can lead to higher closing costs and potentially impact cash flow.

Whether or not STR regulations will continue to be relatively lax in Albuquerque is exactly what I'm wondering about Definitely seems like getting the scoop from a local source versed in STRs is my next step.

However, if you’re committed to a specific suburban area, working closely with a local agent who knows the market well could be invaluable.Working with an Agent: Starting with a knowledgeable agent in your chosen market can definitely help streamline your efforts and prevent that analysis paralysis.