Palm Springs instituted a short term rental limit last year.

Rates have been dropping over the last several days so that is a plus.

Hello BP Community,I've been following the social media channels closely and decided to hop on here and say hello 👋🏻I'm Marco, and I'm 29; I was born in Italy, traveled the world with my wife for the last four years, and eventually settled in the Canary Islands for 1.5 years.I hold a PhD in Electrical Engineering and have worked in tech for the last five years, which eventually granted me an NIW green card.We (my wife and I) hold a $1.2M+ portfolio of 4 self-managed short-term rental properties (across the Canaries and Italy) and a long-term property in Rome, Italy, that we rent out to students.

Hi Alex,I’m not familiar with the market but did a little digging last night and I’m open to the idea!

All of which, I’ve purchased only within the last 4 years.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.

There is slightly less risk if these MIL and additions have been done decades ago, versus last year, but still worth checking with the building department and zoning to understand what their enforcement is.

I've also been a real estate broker for the last 10 years.

Will people pay their last dollar to keep a roof over their head or will they pay to keep their virtual donut shop?

Last year, it was easy to access the site even though im not in the US.