The final wild card is government regulation and how it could affect the investment.

It is the worst because you need to understand the patchwork of regulations across the state, which can vary down to a neighborhood by neighborhood basis.

The regulations around what properties you can add Tiny homes too was cumbersome.  

So here it isCash price:  $556,000Owner financing market terms:  $611,111Owner financing favorable buyer terms: $666,667Classic mistake of (1) not accounting for all expenses that determine cap rate and hence ending with higher net income and (2) choosing lower cap rate appropriate for property with less risk and more desirability than subject property   It's not a sellable business.

Ramsha - most of the regulation for a STR is controlled by the neighborhood HOA.

What I don’t understand is how to overlay all of that information to pick a good spot and I also don’t understand the appropriate thresholds for each of those indices (income, percentage in the target age group, and how dense).

Obviously, legitimate wholesalers, who abide by our forum rules, use the messaging systems appropriately, and do not pretend to be investors when contacting professionals in our network, are welcome and encouraged to carry on.

However, strict IRS regulations apply, including prohibited personal use and mandatory income and expense management through the IRA, with penalties for violations.

I didn't even think to check my local govt on the regulations about rental property.

I find trying to slog my way through government regulations to be a bit overwhelming.