These are professionals with additional training and a stricter code of ethics.

These are professionals with additional training and a stricter code of ethics.

Some zip codes in Detroit are better than others but everything is appreciating especially closer to our downtown area.

Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in. 

The town of Shandaken has some pretty strict rules regarding STRs, requiring a "absent owner" STR to be owned for a year before it can be used as an STR, and also limiting the number of STRs to 100 properties.

While I don't believe that you need a full blown business plan, strict operational budget, timeline, scrum board, etc...

Guys have heard that ad nauseum and its now a code word for "Do it cheap".

For sure it is a huge safetly net if you can get it, but strictly applied, seems many of us would be out of business.

Want to give you kudos for using a servicer as there are very strict rules to follow to comply.

I really can say that everything needs to be perfectly handled without any room for error.However, you do not need to go and study all aspects of Dodd/Frank, Safe Act, Senate Bill 43, the Property Code, the Finance Code, insurance law and all case law regarding wraps.