Since these stays are shorter than LTR, it makes sense that tenants expect a less burdensome application process.

What the IRS is concerned with is when you are doing a 1031 and want to purchase a property from a related party. 

I’d start with a smaller deal - buy a 6 to 12 unit say - raise money from your social and professional sphere - people who know you - who you have a beer with etc.

I have also filed a claim against his insurance company with hope of getting at least our monies from the contract back.    

They snuck under the rules by claiming that private individuals had the right to offer other private individuals the service.So again, how do these cities get away with regulating people's abilities to rent their homes on a short term basis? 

Those are old enough to see some that need extreme updating and could potentially have value add component with a decent spread.

I have a point for ponderance in this model. 

Like Dan, we have a standardized paint (white clay by Behr in eggshell, but SW will mix it NP) Thank you for the suggestions Marcus.

Martin and Julie McCoy--they are both very good at remote STR management.Good luck! 

We buy at a discount because these loans are not perfect, but will they pay is the question you have to ask.