I don't think it is new, the law passed in 2019. 

Personally, I invest in SoIN (New Albany, Jeff, etc) and have done really well with my LTRs there.

That would NOT be enough for me to buy 100 units unless it's a incredibly low price, then work on filling the site with long term RV tenants while I wait for the new reactor and cashflow in the meantime.

I'm also active in the Phoenix metro area with new builds and rehabs.

Or then you look and by adding the cabinets, sink, and a separate entrance, you could get 150 a night but the extra rehab costs 20k to do, I think you have to look at taking less rent for putting in less money.To me, given where you seem to be new, I would go the cheap route to start. 

Maybe you can appeal to a city council person and see if they might sponsor increasing the number of licenses based on increases in new housing etc.

The Holding company will be the "Member/Owner" of the 3 LLCs (2 property holding LLCs, and the new Property Management Company LLC).The purpose for this then would be that I would really only need to manage "books" on the property Management LLC, and because the Holding company was the owner of all 3 of these LLCs, I could use the property Management LLC to pay all of the bills, collect the rent, maintenance etc. 

Supply and Demand Dynamics Impact: Rent control can reduce the incentive for developers to build new rental units, which may limit housing supply and affect demand.

The primary reason a lot of people move on to bigger deals (80 units plus), is that it's possible to own larger properties in markets that make economic sense but may be far from where you live. 80 Units seems to be the target so you can hire your own full-time property manager and maintenance person, versus relying on local property managers to manage smaller multi-family properties on your behalf.

Hi all,Brand new to BP and just starting out with multifamily RE.