The “Big deals” are…You have to buy something you don’t already own, not pay off debt, renovate a home you own, or build on land you already own.You have to spend all the “cash” you receive.You have spend more than your net selling price.You can never receive or have control of the cash, you need a QI PRIOR to selling. 

First I would call the town and ask for the STR requirements.

This is located in a tourist lake/ski town with extremely high demand for lodging.  

But if you are ever in town on the last Friday of the month, reach out.

if you allow the use of it I would mention something in your contract that the tenant is responsible to manage a controlled safe fire or something along those lines.  

@Vivian Huang  Town or beach it depends whether you're buying for investment purposes or for yourself or both.I'm buying mostly for investment purposes.

We do engineer hardwood and no Lux viynl like our competitors So all these things probably cost me 25k pre house but we have been selling them for 100k higher than Lennar for same sq ft and have created the highest priced development in town. we are approaching 400 a foot for finished product which was unheard of in Canby Oregon.U can see the homes and the finishs if you go to  Ivyridgeestatescanby  dot com. 

We'll have to connect when I'm in town one of these times or once we relocate there in April.

I think from all my years around these investments where most investors get in trouble is they simply do not realize that once they made the investment they no longer have any control. 

You will have to go there once to twice a week to make sure that trash doesn’t get out of control.