Even with property managers the effort is often more than you think. 2) You should do a more thorough cash flow and expense analysis.

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

Some states require you to keep the funds in a savings account.

And how do I find solid data to compare properties and figure out expenses in a new market?

Add in inflation on everything but especially home owners insurance and the expenses are significantly higher than just a couple years ago.  1% rent to purchase ratios have negative cash flow and the average ratio is below 0.5%.  

There are some hard money lenders that do not require an appraisal, rates range from 7-9%, and at 65-70% LTV.

do you think a pre-engineered tent is less expensive than building the structure?

The problem is, Real Estate has become extremely expensive in this area.

When that happens, very clear and direct communication is required.

@Mac Boeve Michigan statute requires you to provide a MoveIn Checklist to every tenant, which they have 2 weeks to complete and return.If you fail to provide one to tenant, it may exempt them from MoveOut Damages.If tenant fails to provide you a completed MoveIn Checklist, they assume all MoveOut Damages.If tenant fails to give you forwarding address within 4 days of MoveOut, you technically don't have to give them an Itimized List of Damages - meaning you can theoretically charge them for anything, any price.You should know, a judge may disagree with you if tenant takes you to Small Claims Court to challenge your SD deducations.