Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!

Also, streamlining the permitting process could speed things up even more.

Also eviction fees, because that is NOT an easy or fun process to endure.I hope that helps!

First off, huge congrats on making the jump! 

This is the best description of the process on the back end I have ever seen, thank you.

Just ignore these threats and move forward.With a foreclosure auction less than 2 months way, its time to just start the short sale process now with Pennymac.

Hey any investors who use seller financing who wants stay in compliance with the safe act and Dodd Frank Have you hired a rmlo and how was the process? 

However, as mentioned already, there are positives to consider and as a rental property owner, turn over and vacancy is a part of the investment, so just getting some experience with that sooner in the process than you had planned on before review of the leases. 

@Terrance ColemanWelcome to the community and be ready for a huge amount of information at your finger tips.

I plan to step up to the plate and take a swing here soon.I was attracted to the CCCF program as it seems to simplify the process some by putting together a step by step process to attracting off market deals and executing them.