And therefore competition among tenants can create significant challenges, like...Businesses may struggle to establish a unique presence and loyal customer base, and a lack of profitability due to nearby competition will likely lead to higher tenant turnover.

Prices there tend to be fairly high so make sure the financials make sense to you.If you're going the townhome route, make sure you fully understand the rules and regulations of that particular community.

Other options could look like a property closer to you or in an area you are more familiar with, could be turnkey options with an established company, could be partnering with someone to gain some experience. 

For purposes of this Regulation, “apartment building” meansand “apartment house” as defined in LVMC 19.18.020.Effective December 5, 2018, a short-term residential rental may be allowed to operate as a conditional use,provided it meets the following standards:1.

She is absolutely crushing multi and ADU multi in all parts of LA and knows the regulations for all of these options

I am speaking to you from experience 20 properties later, yes it is ok sometimes to overpay but once you are established and have a decent sized portfolio which could balance out any potential pitfalls.

My current credentials:Bachelors of science in Enterprise regulation For-profit, Non profit (Fancy way to say business law) Currently Pursuing my MBA in Finance, expected to graduate in May,2025 Appraiser Trainee License in NYCurrently Managing a small portfolio of properties (family). 

Quote from @Patricia Redsicker: My husband and I have other property investments but recently, we established an LLC to start doing fix and flips in Baltimore City/County/surrounding areas.

I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.

The numbers I’ve been running look really promising from a short-term rental (STR) perspective, and the area seems to have favorable STR regulations—or at least a lack thereof.