Kudos to him for doing it, but his rules and his dogmatic approach is also the same thing that made Open Door Capital a horrible venture because they skip over being pragmatic.

Columbus OH checks all these boxes and the rules here are super landlord-friendly!

I have seen a tax attorney on YouTube specifically saying you can take a full year of depreciation even if you buy in December but all I see in the IRS publications indicates that you have to prorate based upon the time it was available to rent.is there a rule I am missing?  

Be sure to read the rules located in the footer of every page. 

All the same rules of a standard DSCR cash-out refinance would still apply.

Obviously, legitimate wholesalers, who abide by our forum rules, use the messaging systems appropriately, and do not pretend to be investors when contacting professionals in our network, are welcome and encouraged to carry on.

Found the rules: 3 bedroom or less, 600 feet from other strs, 2500 feet from hotels.

Sounds like if you know and follow the rules you should not only be OK but pretty well insulated from competition (people swarming in and oversaturating)

BP's rules won't allow roofers and contractors to reach out to you in this section of the forums.

Some states have outlawed wholesaling because it straddles the line, some states have rules about how you can and can't market wholesale deals, so be careful here.