Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside. 

Stay focused and close on the property, do not let an out of the blue crime destroy a future REI and cash flow. 

@Bryan Stengel, I think alcohol has been the tough one with the STRs, not sure about if you need license( hopefully someone will chip in ) , however there  always the liability part including but not limited to offering alcohol to people who are trying to quit etc.

They were already $75 billion in the red (IIRC) and now this....Even with Federal money, the state is going to have to chip in a lot of $$$ and they just don't have it.e) I saw US Senators this am on TV promising to assist with aid to CA, but ONLY if CA changes it's policies towards, water acquisition and Forestry Mgmt.

Class B properties are a solid middle-class mix of both white-collar and blue-collar tenants.

Also Chip and Joann Gaines and put this town on the map with their show on TV.

NJ is very blue, liberal, tenant friendly state.

Akron is a very blue city and are not very landlord friendly - source of income protections, etc... 

The majority of homes in Cape Coral sustained some type of damage.  3 months after the hurricane, there were still blue tarps everywhere, debris at curbsides, fences and boat docks down, etc. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.