I finally decided to close the doors mainly because the unit used was not available anymore, but also because the regulations got stricker and stricker over time.Now, if you want to use your 2-4 as an STR, you need to show proof that you are living in the unit you are renting by sharing a government-issued ID with that exact unit or your tax exemption form.If you have a building over 5 units, it's a bit easier but still challenging ( you can rent up to 25% of the units out for airbnb)...the few people I know that are successful are NOT the owners of the building, but more so the operator of the airbnb unit aka str arbitrage

It feels amazing that I'm finally doing something on my own! 

We arranged movers for both his belongings and the seller’s, ensuring a smooth transition for all involved.Once he was out, we completed the final walk-through with our cash buyers, who were eager to close.

I finally have some time to visit Indy this weekend (10/26-10/29) and would love to attend any local real estate events while I’m there.

Similar to the allowances in a pro forma, they are simply set asides and only become expenses when the property taxes/insurance are actually paid from them. 2) Capital Expenditures - They certainly feel like expenses, but certain improvements cannot be expensed outright but instead have to be capitalized and expensed/depreciated over time.  3) Depreciation - Finally some good news! 

The final option is just purchasing cash if you can find a property for 450k .

I finally got down to analyzing deals, working with a realtor, etc. but I’m having a hard time investing in an STR when I know the returns I get from investing in more product in my business is exponentially more and quicker turnaround.

I haven't made any final decisions yet. 

And finally, the profit gap can be low as these houses are sold for the median home priceWhat you guys can suggest/advise from your own experience?

Property didn’t finalize or close and my funds were to be sent back to me, however closing attorney already wired my funds from escrow to payoff a lien holder who later refused to send the wire back to the attorney.