Recently came across a lake house which we would like to rent out for weddings and event venues. The local Mayor is saying we cannot reuse the space for this. While no formal laws say this is restricted, we are gettin...

The Long Distance Real Estate Investing book by Bigger Pockets is gold!

For Airbnb, do i allow STR stays for the next three months and then block out the calendar beyond 3 months for MTR stays?  

Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.

I’d say if you did 2 or 3 smaller MF deals on your own and they went well, I’d say you are qualified to raise capital to buy properties similar to what you have already bought yourself.2 or 3 smaller MF deals does NOT qualify you to raise capital and buy 150 unit deal.I believe in step by step progress slowly and consistently working up the ladder towards bigger deals.

And I will stay in my condo until I can afford to buy a bigger place.However, with high interest rates, I’m reconsidering.

@Alex MinterWelcome to the Bigger Pockets community! 

Welcome to Bigger Pockets @Joshua KeimAs a fellow Memphis native, I’d love the opportunity to connect in person and discuss strategies with you!

Welcome to Bigger Pockets Marembo!

@Abigail LincolnWelcome to Bigger Pockets.