:Rental 4: purchased 2024 for 240K with 20% down current est value 245K rents for 1800 a month.I have no consumer dept, I only owe on my mortgages.Some thoughts below:1.

The basic demo was complete and the property was ready for reassembly when we bought it, leaving fewer surprises.

Or like California a RE Broker like myself or Consumer finance license all which are regulated by the state .

I checked the Better Business Bureau for complaints, I checked the NJ State Attorney General consumer division to ensure he was licensed, I checked every reference he gave by visiting sites and speaking with the homeowners. 

It’s incredibly messy and time consuming.

Quote from @Jesse Valdez: When operating a business, it pays to know the laws.In most states, guests staying fewer than 30 days can be removed by police for failure to pay rent or obey the rules.

This likely means fewer issues with payments and property upkeep. 

@Jacob HripWhen paying with cash, you have fewer closing costs (no lender fees) and fewer holding costs (no interest payments).

I always suggest buying fewer but better properties.

You cannot rent out an entire home/apartment for fewer than 30 days.Your STR must be registered with the Office of Special Enforcement.