SO why all the legalize right, well because like any good law there is a series of if's, but's and when's. 

I wish you well in your investing endeavors. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

They specialize in multifamily as well!

That applies to any turnkey operators as well. 

Well, you can buy little portable washing machines that hook up to your sink- not unlike those freestanding dishwashers.

A friend and I created one recently:https://drive.google.com/file/...It was meant to compare costs between different lenders, but you can use it to just see costs from one lender as well.

I have seen a few people mention that house hacking is possible as well but tricky to find a property that can support that approach.

In PA, IRS liens will have a 120 day right of redemption with a mortgage foreclosure (and with a judicial tax sale as well).