Hey All, My name is Austin L Smith and I am a CPA offering bookkeeping to landlords, STR managers, and other Real Estate professionals.

My initial thoughts, which are definitely open to change, are to buy a quad that I can flip into something around 20+ units with some investors and build off that with a goal of at least 60 units trying to cashflow around $6K per month.

@Nicholas L. brand new to real estate investing! 

Would love to connect with you to learn more about what you are looking to do specifically (BRRRRs, flips, etc). 

By using short-term rentals (STRs) at the end of the year and switching to mid-term rentals (MTRs) afterward, your clients could indeed bypass the Real Estate Professional (REP) status requirement.

Plus, renting by the bedroom offers more control over tenant turnover and higher overall rent.For other investors or house hackers, this strategy could be a real game-changer.

Happy to send it directly if someone wants to DM me.The guide is unattributed and has no promotional content other than on the last page there is a brief mention of the RI Coalition of Housing Providers (a landlord advocacy group which tried to work with the legislature to mitigate the challenge of this new law) and RI Real Estate Investors Group (a networking and education group that has educated RI landlords on new laws like this since 2003).Hopefully everyone reading this is already aware of this new law and has already submitted their info to the new registry!

Investment Info:Condo fix & flip investment.

@Stacey Wells This post troubles me & sounds like the rhetoric the social media real estate gurus teach.

I'm trying to learn as much as possible to fix and flip single family properties.