Do it wrong,  no saying how many issues.I've done a ton of OOS BRRs, strictly invest out of city and mainly OOS.

CRE CLO is still regulated though.

You need to check if the lease you created complies with any regulations of the area you’re in.  

I appreciate the insight that you and John offered regarding the lack of value in the business itself and strictly the land + improvements.

Want to give you kudos for using a servicer as there are very strict rules to follow to comply.

The IRS has a regulation that amounts less than 15K are tax-exempt, of course, this requires you to file a tax return.

I want to create a GMB profile for a market I invest in, but I don’t have a physical office address in that state.I’ve been looking into virtual address services like iPostal1, but I’m concerned it won’t be approved by Google since they seem to have strict rules about virtual or P.O. box-style addresses.

If we are strictly talking about cash flow, I'm cash flowing more from my HYSA and index funds - my net income is $71 a month on this SFH.  

Would you avoid investing in strictly a cash-flow market?

If in the rare chance they do allow short term rentals in the HOA rules/regulations and association documents, don't be surprised if they change that ruling after you buy.