There's also a major university there, Ken Griffin just moved Citadel hedge fund down there, and the technology entrepreneurial landscape is opening up as well.

.- It's very difficult to argue about travel being a business expense if you're just going to look at properties, I would argue against it in a majority of cases.- Depends on what you're doing specifically, but usually I'd recommend getting an EIN at least to give access to business bank accounts- Repeating #1, if you're going to a property and 100% of your time is spent doing renovations and the like, sure, but if any of it is for personal benefit, that'd be disallowed.

Having developed a majority of my career in CA the regulations and red tape for construction and development are intense. 

I think it would require a major asset heavy backer to provide the confidence the investing public needs to scale to profitability.  

I find the vast majority of my stays are families that love the games and 30-40% of the time they bring their pet as well.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The vast majority of people will not have these accounts, and the % that comes with them.

Meaning, a Class C Neighborhood will have majority of Class C properties, but there will still be some Class B and some Class D.

I believe the owners with the majority ownership share forced the others to sell, but they weren’t cooperating. 

Quote from @V.G Jason: Organize taxes and eat better.