Two thoughts - 1) We have seen the Blue areas become much more regulatory, as we would expect from that mindset...but yes, I gotta agree, I think it does cross the line in this case. 2) Not all neighborhoods resent STRs. 2 of my STRs were in neighborhoods where they were actively welcomed.

I have down an owner financed deal in 2024 and still actively use a HELOC in support of my flipping.  

I’m also an active member of the local landlord association in Joliet (JRLA), which has been a great resource for networking and education.

Material participation in the rental activities still required. 

You need to actively talk to people about what you are doing, ask them for referrals to others that might be interested. 

Actively manage your business.

It's active in the field career training via doing. 

We've used Reg D 506(b) for our syndications and ONLY communicate with investors that have a prior relationship with us.There are two illegal activities that I see all the time. 

He's very active and knows the market quite well.

Here's more context.Hi Zen,Right now we're focused on Los Angeles for our PM services but we are actively exploring new markets so I'm happy to chat.