This is true, but can increase your chances of success by working with an experienced team.Financing Challenges: Unexpected rate hikes or tightening lending restrictions can complicate your plans. 

The STR owners have banded together and are meeting with the town as a group, and it looks like the town will adopt some STR rules allowing and setting guidelines for STRs. 

It's just a rule of thumb, and only tells part of the story when buying a rental property.

@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.

California is the only state that has essentially put a rent control type of restriction on home owner insurance premiums.

It seems simple, but it's not a DIY thing because of technical rules that are different depending on circumstances.Or, you can pay a lawyer to file an ejectment lawsuit, the developer can pay a lawyer to defend the lawsuit and redeem, and the developer will also be responsible for reimbursing your legal fees, plus interest. 

RULES I ALWAYS FOLLOW IN MY WHOLESALING BUSINESSBe honest with peopleDon’t lie to people about anything in your wholesaling business, and never try to screw anyone over.

I think demand is decent.If you're looking in a flood zone you'll definitely want to understand the FEMA 50% rule.

The 1% rule is a simple rule which is easy to calculate and describe.The Market Analysis IS the screening rule. 

I am leaning on local first for my next investment, but not ruling out an out-of-market opportunity.