Just like tax reporting services for lenders. 

I'm currently based in Jacksonville, Florida, and I'm looking to connect with other real estate investors. 

The city arrived at the $180,000 fine based on a $500-a-night penalty for each of hundreds of nights it tracked as booked at Tao's property, according to documents submitted to the City Council."

I can relate, having faced my fair share of VA challenges post-service.

There were an estimated 800 STRs operating in the township before the ordinance and based on a surge of new properties for sale, some of those operators are getting out. 

Read the whole section of the servicing guide, not just the top paragraph. 

Quote from @Michael Morrongiello: That is also my understanding as wellThe junior 2nd lien gets wiped out it gets  wiped out from that property but the debt remains with teh borrower.. although unless its a commerical deal with a PG rarely do banks go after the borrower just based on the note. 

P&L, no.Reason being, the mortgage is debt service against the balance sheet since the mortgage would be a liability.

I'm based in Orlando and would be happy to chat about BRRRR financing strategies.

Make your offers based on the cash flow that you need.