By the math of it, CA is making it impossible for carriers to operate in CA areas of fire risk.

Top Housing Markets for 2025: Cities Where Home Sales Are Set To SoarI operate and invest in Pueblo West and Canon City currently, and it has for sure been a softer market for sales.

You get an operation running well and then you can be benevolent.  

that's a huge concern of mines now

However, a relative of mine has also expressed interest in investing their own funds into this venture and splitting the proceeds. 

I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Short-term rentals are becoming oversaturated in certain markets plus anti-STR legislation is resulting in some of those properties also converting to long-term rentals.You already have the operations experience by self-managing.

You will be going up against larger operators with bigger budgets and more experience. 

@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.