They run a big operation and need to feed that system accordingly. 

Lots more brain damage and more evictions which is what the stated purpose of the bill was to avoid.I would say that SB24-094 has far more impact to the operations of many landlords in Colorado.

It also means more time is needed to see how new challenges in the Courts will affect things like Fair Housing, HUD and FHA regulations / costs.In short, if you are operating in a business that touches any part of the housing economy, this likely will affect you.

Hey @Levi Chuculate, Taking ownership draws from a fund have less to do with taxes (unless you would like to discuss the tax implications of receiving that income) and more to do with your operating agreement and bylaws.

There are a ton of posts here on BP from investors unhappy with the service of their PMC - most can be traced back to not understanding how their PMC actually operates!

I have been shifting my focus towards zeroing in on a market to purchase a STR property, and it seems like local legislation in markets within a six hour radius of where I live hasn’t been in favor of STR operators.

They are professionals and know how to incorporate this as part of the closing process.This is from my experience only and in the states I operate. 

I primarily operate in Pinellas County, FL and Pinellas Realtors has a site with every localities rules and contacts.I am not sure if you are looking statewide or nationwide but there are likely sites that can zero in on an area and help break it down and then you can call and independently verify.I also recommend Municode.Good luck!

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