These were still in the proposal stage and I, along with many others, participated in discussions with the city on why this would be harmful to STR owners. 

Texas also clarified their wholesaling laws  this is coming to other states as well as the harm to the sellers becomes public knowledge  NOT all of course but we all know the transactions that are a stain on the industry by wholesalers that cant perform or do perform and skim equity.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Once all of these leads are generated, they need to be followed up, otherwise you have wasted money and potentially harmed a good lead for another investor.

Addressing these issues promptly can prevent accidents and illnesses that could harm your tenants and leave you liable for damages.Attracting and Retaining TenantsMaintaining your rental properties in good shape can help you attract and retain high-quality tenants who are willing to pay a fair rent for a well-maintained property.

It is especially harmful to young children and pregnant women.

The ones I know (1) spend $10,000 - $100,000 monthly on marketing (2) have 10+ years experience (3) have a full business organization (4) have reputations they fight to achieve and maintain and (5) have significant capital to complete a deal if they find themselves unable to flip the contract to an end buyer before closing date.8 - The all purpose “weasel” clause may lead to liability for contract fraud if the wholesaler never had any intent to close if he couldn’t find an end buyer, or if the wholesaler never had the money of capacity to fulfill the contract9 - Of you tie a property up as a wholesaler and do not inform the seller of your intention to close only if you can resell at a higher price, you may inadvertently cause irreversible harm to the seller leading to foreclosure, loss of credit capacity, etc.10 - Dependent on the State in question, wholesaling done in a.

If you are only buying properties with the margins to flip and decide to hold onto it, no harm done, now you have a rental with built in equity.  

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.