@Florence Oxenham, In light of a recent California Supreme Court ruling admitting an ILLEGAL immigrant to the California bar to practice law, I suspect the same will have to be true for all other state licensed professionals and immigration status should no longer be a factor... http://www.nytimes.com/2014/01/03/us/immigrant-in-us-illegally-may-practice-law-california-court-rules.html?

So the property owner must make sure they are aware of & are complying with all regulations related to their vacation rental property.It sounds like your neighbor did not conduct adequate research before offering their property for rent on the short-term market or else there were other factors involved which allowed the City to shut down the practice in your neighborhood.

A few other factors are that this is currently a pretty sub-suburban, small town but a TV news report on the local Houston news last night just said it is expected to add about 130,000 people in the next few years!

A big factor is the area that you will be investing in, but if I were you I would start with multi-family's and migrate to SFR's down the road.

Now, if you plan to resell this house wholesale, you need to factor in your profit as well as the profit of your buyer.

There are a lot of other important factors to consider here.

We have looked into quite a few traditional mortgage options but they usually don't factor in the cash flow every month.

These can all play a factor in getting the best win-win deal. :)

This latter concern is likely overblown, but I disagree about the civil liability being unlikely absent some sort of insurance, bonding, and/or solid contractual indemnification on Accredify's part.I'll check out the article you mentioned this morning.

The process needs to be systemized… So that it is not taking time out of your day, and you're not the one answering phone calls at two in the morning.2.