@David GarciaOwner occupied versus not is going to be the biggest variable as everyone else pointed out.

The biggest piece of advice I could give you, is to put yourself around people in real estate.

That will be the biggest time crunch. 

The biggest RE mistake I've ever made was not riding out a rough spot and selling instead of waiting for the market to recover.

Biggest curiosity regarding all of this is how they intend to crack down on illegal operators.

So I ask...What are the biggest pain points of operating a STR?

There’s a great story for another time about how I met my rockstar investor agent.The biggest challenge I faced was stepping through the fear that hit me when I walked the property with my inspector.

Even with 3% rate, the first few years the ratio of P:I is about 6:9 only.So if you purchase IO or ARM, but add principal every month, then it's not that bad actually.My biggest issue from my view is actually appreciation growth.

However, I think this can be misleading or a bit of a trap for a few reasons:- One of the single biggest advantages to owning an apartment complex is that you can scale management and all tenants are in the same location.

The other big benefit to an umbrella is it protects you against all aspects of liability risk, people get so worried about rental properties, when by farrrr the biggest risk is auto related.