I see a problem with a lot of saturation in that area, and I can imagine that it is very difficult to stand out, and anyone that does operate one of those condos, would you do it again, or would you try to get a house next time? 

I *think* I'd like to set up an LLC to house the STRs, but I'm struggling on the implications of single-member vs multi-member.

It's really hard to pay retail prices on renovations and come out ahead on a flip.  

•Increased property value and rental income from renovating the original property.

I own several units in the southeast and have been involved in many renovations.

I've seen new houses built in 7 days from the day the foundation was cured but there was tons of planning which isn't counted. 

House hacking a 4 plex is a great way to get started.

Purchased a house at trustee sale.

Naturally we push the limit to the point that the Housing Specialist might request a small adjustment to meet the calculations. 

I grew up in the area for the past 13 years, duplexes and houses alike are at 2000 a month for rent in this case.