Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

@Joy Daniels I have one of my STRs in that market on Anna Maria and each “city” on that 7 mile island has different STR rules.

Also hoping investors were cognizant of my rule of never investing more than 10% of your investable assets in any one deal, nor more than 20% with any one “sponsor”.  

Just check the local rules to make sure you’re good to go!

And I will state different jurisdictions have different rules, processes, expectations, etc.In my area you are required to have a permit to swap a water heater.

Gaining valuable insights into the local market.Always consider that Jackson County has a LOT of variability in KC proper and then uniques submarkets of LS, BS, Independence, Raytown, Grandview, etc all with their own local city governments, rules and regulations, each with their own uniques submarkets of their own...Happy to chat and share my knowledge and experience.2.

It’s all about securing the right agreements and understanding the rules. 

In most states, Airbnb rules are city and county specific.

With the economy of scale in multifamily, each additional unit nets you a little more than the last, as a rule of thumb.

Screening and placing a tenant, they know local rules, they have eyes that can see the property and know what is going on there.