With STR being a newer animal for places that haven't traditionally been resort areas, municipalities are trying to figure out how to deal with them.

At any rate I would not want them to be taxed on the gains so last resort would be to accept it as a gift.

It is a resort property where I currently have a unit for pleasure and rental.

I’m in a resort community so That makes me feel like the city will continue to need us despite their obvious annoyance by STR’s.

@Michael BaumOh that's great tips for the bedding and spices and kitchen awesome advice, so we haven't selected, we're looking at going in with 3 others on a home that's at a brand new high end resort golf course close to state and national parks here in Utah it's $1-$3 million for the homes, they're new construction and so far the only one on air BNBs is going $1500/night for 5 bedroom I think it was.

Being an employee connotes a lot of other things like fringe benefits, vacation, sick leave and mandated government health care.I've seen in resort areas where PMs charge 12% to 20% fees.

In my market we've resorted to new construction for multi family.  

As Jared above mentioned, there is always the hard money option but that should be the last resort. 

And if local cap rates are 5-6, why not start at a 4 cap asking price, and only allow the Buyer close to a 5 cap as a last resort!?

Goal s/b to pay no more than 70% of ARV less repairs, though that % is hard to find unless you're sourcing your own off-market deals via marketing.2) Develop private money sources if you can, then go to HML as a last resort.