@Hud FloydWork For CHP, I’ve worked in South los Angeles, Solano County, and now I’m assigned to Riverside County (Beaumont, banning, and Hemet) I’ve been with CHP for over 6 years.

Will every LLC purchaser have to prove their source of funds for cash offers to make sure it isn't backed by a corporation on the 'banned' buyers list?

For markets that are completely unregulated it is a concern that in the future they ban STR and you get shut down.

I'm looking to optimize more for CAC vs. appreciation for the first few pieces in the portfolio, interested in some of the other peoples strategies in the area. 

And of course, your homeowners should already be through a company like Proper Insurance.You cannot advertise a direct booking site in any way, shape, or form on Airbnb/VRBO unless you want to get banned from the OTA.

Ensure you have a plan B, an exit strategy.

Finally the two non paying tenants leave, which the PM couldn't control either way due to eviction bans.

New York banned smoking in restaurants 20 years ago and every other apartment hasn't allowed this for years.

Some can't ban STRs, while others were grandfathered in. 

I go so far as to ban smoking outside as well.