I would first check if STRs are allowed in the areas you're considering.

There are several QIs here on BP like us that you can check out. 

Have you looked into networking with wholesalers or checking out off-market properties?

Consider checking with some neighbors to see what their water bill looks like.I'm surprised they back-charged you for previous under billings in October 2024....i thought the bill was just adjusted moving forward. 

The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!

Hey @Edward Zachary Samperio, have you called each municipality involved to double check the regs?

I’d recommend contacting a few local pros, getting quotes, and cross-checking with recent sales data yourself to ensure it’s worth it.

I'd also check the meter to see if there is a problem.When is the lease up for renewal and when was the rent last increased? 

Check with Dan Rivers and Mike Savage - theyre the local STR experts. 

cashiers check?)