The potential repeal of Costa Hawkins is very bad for our industry.

What was your real estate career path?

In all likely-hood you will loseYou can also take minimal risk and get very small returns like a CD paying 2%.The key is to find the sweet spot in the middle of those two with enough diversification to protect you from one bad decision.But back to your original question.

I’ve come from a background where none of that was possible and am a career focused individual.

And those who don’t get bad reviews and eventually are rejected by hosts in the future.I don’t have a problem with a lodging tax for short term rental properties.

My job gets me down  at times, but is generally pleasant and I can justify it if it means more opportunity to set my self up for a solid art career in the medium term. -- I own a house (purchased for 495k, 540k current est. value, 2400 mortgage + insurance/taxes). 

@Steve Rogers your attorney gave you some bad information.

@Tyler - I took Roy's advice and did NOT buy in Saint John as cheap isn't a deal always. ya its cheap, and as he told me lots of out of towners come in, and then don't do well.go look to a town that's bustling - saint john is a dump in the under 100K areas - I go there 3 times a year for work, and heeded to the advice, and bought Ontario instead (not saying NB is bad, just I have boots here in Ont)

I couldn't find an adopted opinion on this specific topic and I believe this is because the 'dry closing' is understood to be a career ending move if performed by a closing attorney (see NCGS 45A-4).

Unless a impassable deal falls in my lap, I will not be actively pursuing that until later in my RE career.