Most properties easily generates enough rent to cover all monthly expenses, but not enough to cover anticipated unknown costs such as: Cap Ex, Repairs, Property Management, and Vacancy. 

Because of the unknown, I'm having my clients purchase in "safe zones" that are outside of these potentially restricted areas and yet still have high returns and the same crazy appreciation.Unfortunately, the answers we all *want*, will not be known and available until two things happen:1) The bills pass2) The state and the impacted areas settle into acceptable protocols.Pre-existing STR's will likely be fine.

I am very proud of how our team has worked very tirelessly in preparing us for this unknown. 

., administration of an estate, interpleader, partition) or maritalstatus which claim has heretofore been deemed appropriate for service bypublication where the identity or residence of a defendant is unknown or where aresident defendant has been absent from that defendant’s residence for morethan thirty (30) days since the filing of the complaint and the method of service bypublication in such instances is not specifically provided by statute; and,(2) To a claim, whether legal or equitable, against a defendant who avoidsservice of process as described in subdivision (c) of this rule.

I would suggest that instead of putting your trust in some unknown contract you find on the internet, that instead you consult a real estate attorney.  

Make sure you have plenty of contingencies in place - Bridge loans bring some unknowns at closing and can swing 6-figures Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

A Comprehensive Wealth Management planJust as a dream home includes comforts as well as protects from the elements, a wealth management plan both provides for life’s desires and protects against risks.Specifically, a Comprehensive Wealth Management plan:1.Creates and Grows WealthAssures that their investments are appropriate to achieve desired goals.Reviews their income tax situation to make sure they are not paying unnecessary taxes on investment income and excessive capital gains tax.Assures their life insurance is adequate in case of premature death.2.Protects and Preserves WealthReviews current plans for paying for the consequences of life’s unknowns.

It looks like you might be new to BP which may be why you are not familiar with us but I personally have over 1500 posts and over 600 votes, so we are certainly not unknowns.

Both options have unknowns and drawbacks.

Unknown = risk.