Some HOAs don’t allow daily rental because they perceive this business model creates “transit” environment for its residents.

(existing "affordable" inventory becomes very attractive)"1%" Rent-to-Purchase Price Ratios and 7-10% Cash-on-Cash is Normal.An Abundance of C/C- Locations in Extreme Transition with Verifiable Upward TrendsDozens of Neighborhoods with 70-90% Price Appreciation Over the Last 10-Years20,000+ Multifamily Structures in Franklin County; Less than 10% Transact AnnuallyMarket Rents are Impossibly Low Across Existing Small MF Inventory

Property is in an transitioning neighborhood in Downtown Lexington.

Yes, Doug Mercurio was our attorney, JDCU gave us the $$, and Simplified Management managed the tenants during the transition of ownership.

My numbers work to where I can have the other 2 units rented have still have them there but my end goal would be to have them transition out of the property on there terms.

We would like to place this whole transition in the new PMs hands.

The owner wants to transition the duplex into a single family home and then sell, but he doesn't want to finance or manage a renovation himself. 

I now know so much more about the STR game and am putting this beauty on the market to transition into a larger property.

@Ethan Brown often people seek more cash flow markets early on in their investing (ie to be able to quit their 9-5 job and transition to REI “full time”) and appreciation markets later on (where big money can be made and depreciation can offset high cash flowing investments).

IE underlayment, transitions, baseboard ect.