The best advice is don't buy in any area that prohibits STRs or makes operating them so onerous that you're unlikely to make any profit.

Selim, first of all, congratulations on a profitable flip!

Pretty much the core of the STR business.Higher your rank gets, you can increase your price and be more picky in selecting customers which usually lead to a better review / less party or complaints / less expense and higher profit with a happy life.I know some people will argue, but the ranking system is the truth and should be the only guide to your STR journey. 

So I call many "Deferred Specialist" and they finally advise me to do 1031 instead because if the LTV is not less than 50% and the sales proceed are not large enough -- it's not profitable for them to work to manage the Deferred Sales Trust AUM. 

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month? 

He sold that duplex last year, and cleared a 6 figure PROFIT. 

With smart negotiations and a streamlined process, we capitalized on the opportunity for a quick and profitable turnaround.

Short-term rentals are great when cash flow is strong, but with profit margins shrinking, switching to a long-term rental could add some stability.

Its all legal and now you only have to maintain a place for 5 groups. 1) you can get a heavy cash deposit down for the ownership. 2) they pay quarterly for expenses that funds the overhead. 3) everone has a share of profit when you or they decide to sell for a higher price.

They want something with a profitable recourse would be my guess.