Is BP letting us talk politics now that there is new ownership and a lot of rules seem to have changed?

And if the rules got so strict we could not STR it, we'd need to love it enough to have it as a second home and in that case be in it for maybe 2-4 months of the year.

For now it's business as usual.Major cities, including Phoenix, Scottsdale, Mesa, Sedona and others, have adopted their own STR rules and regulations, primarily requiring operators to register their rentals.

Thinking this is the way to go for easy accounting purposes.

Would these rules change if the REI business was an S Corp vs llc? 

We were apprehensive too (see previous posts), but it was problem free, professional and easy.  

 (1,000*12/50% Rule)-80k Mortgage at 4%=~$125/month) and be pulling out whatever the difference is to move on to the next project.One hiccup though is that you live there...so would your next project need to be a place you could live?  

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

Should we try and do an easy flip that is a low risk, maybe use a turnkey or something?

Mine is a 1 page document that is very easy to understand.