In most municipalities approvals have a few year shelf life and in the event new regulations or new zoning bills are passed you could lose the benefit of the in place zoning/development procedures.

Very few lenders do well in the space due to the risks involved (novelty, rules/regulations, etc...). 

Here are the 7 material participation tests as outlined in the IRS regulations:1. 500-Hour Test: The individual participates in the activity for more than 500 hours during the tax year.2.

In my case I operate using a Regulation D 506c and 506b, and operate a personally guaranteed debt fund. 

I am agnostic on geography other than looking to stay East of the Mississippi and out high tax/high regulation states. 

In general you should start looking for a single family house that has zoning regulations that allows to ADU (Accessory Dwelling Unit) or can be setup to house hack. 

Hi All,Pennsylvania has new legislation going into effect in January 2025 that requires wholesalers to have a real estate license in order to wholesale. Curious what current wholesalers in the state plan to do when th...

@Joey SabatiniThe Bay Area offers various financial options, including purchasing an Attached Dwelling Unit (ADU) for rental income and long-term appreciation, investing in rental properties elsewhere for flexibility and stronger returns, and investing in short-term rentals for higher returns but more management and regulation risk.

@Tomoko HaleCheck with your city/county regarding STR regulations first. 

You might also want to pick up the book It's a Whole New Business by Gene Trowbridge, which goes over a lot of the syndication terminology and details.