Hi @Danielle Du Plooy,Cape Coral is a great option that is not only STR friendly, but the local government has passed some new city policy that has shown they're interested in promoting the growth of that specific local industryThe first piece of legislation was the newly enacted rental database, which requires all landlords (or local property managers) who own in Cape Coral to register their contact information, along with paying a $35 annual fee.

So if wholesaling is illegal bigger pockets is promoting us doing it.

You should look at the deal from the standpoint of having to reduce rent to entice the tenant to stay or to get a new tenant.

I was there a couple weeks ago and saw numerous yard signs and billboards throughout the city promoting the approval. 

I think the only people that are going to get hurt are the clowns that need 10% appreciation and rent growth to make their syndication deals look enticing to new investors that don't know any better.The investors that buy (and continue to buy) solid cashflowing rentals will be fine.

You will probably not see any significant growth in traffic for at least 6 months, unless you promote the channel heavily.

Ok, here is how you do it: take literally everything promoted on how to be a wholesaler and throw it out of your life and mind, gone, that's step 1.

More cabins than cleaners, can't go cheap. 2 turns per week at $250/turn runs you $2k/mo in cleaning  The majority of cabins in the Smokies do not include cleaning fees in the revenue they promote so paying 1 Mil for a cabin that does 101K in revenue is a horrible investment at the current rates.

I'm not arguing with "investors" or with those that have interests in promoting some strategy from a profit motive, such would serve no end as they are unlikely to ever face the issues in the same light.My comments are primarily for new investors.

An investor who actively seeks a buyer and promotes the value of a property above its market value is predatory dealing, indicating a significantly higher value has been prosecuted as fraud.What to do?