Hi all, I wanted to see if anyone here has experience in condo conversions in the city of Beverly Hills.

Consider starting small, like with a duplex, to get experience.

Most times, the top of a brokers list are those with experience who they've worked with in the past.

You both clearly have experience dealing with this firsthand, and I want to see if there's a way to balance enforcement with profitability.

Your decades of experience have made you jaded. 

Some lenders specialize in this area.Legal and Tax Implications: Consult with a real estate attorney and tax professional to understand the legal and tax implications of owning an STR in a different state.I'm happy to answer any specific questions you have about my experience.

Quote from @Mary Holland: I'd love to hear about your experiences and how they compare to other types of commercial real estate financing.

I already have the knowledge, experience, and systems in place to do about 20 properties this year.

But I would remain open to long-term rental as an option as this seems like a more stable option in terms of income, again this may be my inexperience talking.However, I have always  been somewhat risk averse and investing in real estate is always a big venture, in my opinion/experience, in terms of capital.

What’s required for success in this is deep knowledge of real estate in general and the area in particular; experience in real estate and the local laws, etc.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.