Wells, Citi & Chase), but moving all your money for current rates might not be something an investor wants to do. 

What city is this property in and what is the ARV and rent?

HI Stephon, Just now seeing this post and if you were down here you know that the city was shut down with the first 5+ inch snowfall in a decade haha.

I also had to get it approved by the city which was pretty easy. 

But all of the A/B class areas or rapidly growing cities do not have much at all, and when they hit they get bid up.

This would require you to visit, not necessarily live in that same city.

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

https://app.tango.us/app/workflow/BiggerPockets-free-Short-T...The only way to truly stay up to date on your local rules is to pay attention to your local county/city council meetings and how you can participate.

There is a lot of inventory in Jersey City, so compared to the rest of the state, there are opportunities there for good STR operators.

.#1 I would call the city rentals department directly and ask if the seller's license will remain active until the day yours becomes active.