We dont deal with one off JV folks we only look for those that I can establish long term repeatable business with.

Short term rentals are more challenging in Truckee, as there is a limited number of permits and a currently a waiting list.  

While they are legal from a building department view point, if there are complaints from neighbors about you renting it long term, it could create issues with zoning.  

I don't remember the exact term, but there is a category of insurance providers...

High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06% 

One I know is days on the market but I would like to know a strategy more in terms of the work needing to be done on the property.What is the typical rehab budget for a full gut versus a fixer-upper that needs some updating such as for the kitchen, bathroom, new carpet, roof, and/or driveway for example?

We have great long term residents in our POH rentals and do very well financially with them. 

In terms of legal perspectives: I found several AriBnb in the areas that I'm interested.

And you get the benefit of having over 70 past ones to catch up on.Two Great reads, I bought both J.

They already agreed to the sale price and payment terms.