Over the last several months Sedona residents, who feel their town has been overtaken by STRs, have been outspoken in their opposition...and have gotten the attention of the governor:https://www.azcentral.com/story/news/politics/arizona/2019/08/22/arizona-lawmakers-revisit-short-term-rental-law-governor-ducey-airbnb/2089887001/https://www.azcentral.com/story/news/local/arizona/2019/07/25/sedona-residents-challenge-rep-bob-thorpe-over-vacation-rentals/1811064001/While any legislative crackdowns seem to be directed toward corporate "party houses," individual STR owners in Sedona, especially, could get caught in the crossfire.Cities in Metro Phoenix like Scottsdale, on the other hand, are more diverse and dispersed in terms of STR locations, so we have not seen the high-volume backlash by residents that Sedona has experienced.When you are deciding where to invest, check local news sites for stories on vacation rental legislation and policies.

@Bob Floss II Thank you! 

@Bob LangworthyI did a little bit but listing agent does not have property’s Rental income and expenses etc.

Bob - I'll take door #2 (Price Is Right reference)You can not put away money that you never receive otherwise if totally vacant you would be getting $8000 (in your case) by magic from someone and not have to do anything (how I wish this was possible ;).The vacancy is not a 'reserve' but 'unrealized' income.

@Bob Green Thanks for your response.

Another approach would be to have your mom's brother Bob not lose sleep over his IRA nest egg - so don't sweat the points and partner with a local private money lender so you can concentrate on finding great deals and focus on ROI.

Hi @Bob M.I use Equity Trust for my SD IRA.  

All the best Hi Bob,Thank you for the advice.

Bob.  

Originally posted by Bob Hines:Something to think about-in the Great Depression unemployment was 25%, that means 75% of the workforce was employed.