Along with a vibrant art scene, restaurants & easy walking it attracts year-round visitors seeking fly fishing, white water rafting, kayaking, skiing & snowboarding that is off the beaten path..

When they got the bill, they screamed "$1000!

I hope I am not stepping on any toes by posting these articles... but living in this market makes you want to climb a mountain and scream about it.

Reading the SAFE Act carefully you'll see that there are two issues afloat, reserve requirements, bonds, accounting, examinations are all things banks screamed about when the first broker opened his door, banks were required to do all these things and brokers were not, so yes I'm sure they felt the playing field wasn't all that level.

Pretty much everywhere (at least around here) the process goes something like this: inspectors and permit people need to justify their jobs, so they make the process more difficult than it already is, with added BS that doesn't pass muster with any standard like the IBC or NFPA, the City Council says "Well, they're the experts" and acquiesce, eventually enough contractors start screaming at council members, who direct staff to make changes, who make the 10 page permit process a 9 page process and call it a successful reform 🙄 .

For that to work you need a property that appeals to both kinds of guests and a community or location that not only has a higher number of homeowners, but attracts a lot of visitors as well.

Although Orlando has a lot more to offer than that, that is the reason we have over 70 million visitors a year.

The property also includes 6 off-street parking spaces, adding convenience for residents and visitors alike.BackgroundRedwood Capital Advisors was able to identify and purchase the building off-market from a ‘mom-and-pop’ seller for $1.34M.

You want to look in a market that has legal approval for short-term rental and draws visitors (are there reasons to visit such as attractions, nearby cities, outdoor life, lake, beach, mountains, etc?).

So many folks will scream that buying negative cash flowing RE is "gambling".