-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

Some areas require permits... make sure you follow local regulations if there are any.

You'll need to verify the local regulations on this but assuming they're favorable this is probably the fastest path to cashflow.2.

The majority of state landlord tenant regulations see a term lease automatically become M2M at the end of term.

Zillow research data - https://www.zillow.com/researc...Landlord/tenant rules and regulations - Some locations have laws that limit how much you can raise rents, making it nearly impossible to keep pace with inflation.

Been doing it for 4 years and it has enhanced my returns significantly.In the end there is no magic bullet of safety, liquidity and high yield returns in this rate environment. 

Sold 1 property and considering selling the other which is similar to what you describe.The legislative environment looks to me like it will only get worse and not better for landlords....why bust your butt to have the government so far up it that you cant enjoy the rewards of your work.I recommend the sell option while the market is hot with people fleeing NYC

I am a little surprised that this topic isn't discussed regularly, because in the current interest environment the rates for investment property financing are surprisingly high.

As many major metropolitan areas continue to impose anti-short term rental regulations, property values in profitable true vacation rental markets will continue to rise, as it would be detrimental to the economies in those areas to impose any anti-STR regulations, so STR investors can safely move their investment dollars there.With that being said, it’s wisest to bet on cash-flow, and just look at appreciation as a bonus.