@Meagan Yednock @Anthony ColeSTR permitting will vary depending on whether the property lies within town or county jurisdiction.All of Joshua Tree, Pioneertown, Flamingo Heights, and Johnson Valley are under county jurisdiction and depending on where in Yucca Valley and Twentynine Palms the property is, it will fall under county or town jurisdiction.Parts of the permitting process are more strict with the county and some parts are more strict with the towns.There is a big push for development in Twentynine Palms so the desirability will increase with development but in general Joshua Tree is the prime location.It is highly probably that STRs will never go away in the high desert because there just isn’t enough lodging to support the number of visitors during festival and peak season.

My ultimate goal, and the reason for deciding to become a REI, is to afford me the luxury of staying home with my toddler and any future little ones.

Luxurious master bath with glass-enclosed shower, free-standing tub & double vanity.

Also my girlfriend from college also lives/works in Tampa currently and has family in South Florida so would be able to stay with me too instead of renting a luxury apartment for $1500/month like she does currently, or have a place to stay when visiting home, depending on where the property was.

I do this on a daily basis.The crazy prices may stay close to where they are for luxury and high-end homes but will shrink everywhere else, and more so with land.

I know owners of PM companies that's all they do they do NO transactional real estate.. but man do they know the landlord laws LOL.And really good brokers that deal in investment properties usually have their go to buyers.. its tough for the average one off investor or beginner to break into those folks circles. so you have to find that tweener.... but it helps to understand there are many niches of real estate and frankly the majority of the top producing agents simply do not deal in rental properties .. they sell high end resi.. almost all your 1 million plus earners are in the luxury real estate business or work with developers selling out new tracks of homes.. to homeowners..

Turnkey is about reliable, passive cash flow, not appreciation (we call that the 'icing on the cake'), and you do give away a piece of your return for the luxury of having someone else do all the work, but you shouldn't be buying a house with negative equity (paying a lot more than it's worth).There are a billion other things you should keep in mind when looking at turnkey, but I've rambled enough.

I had considered emailing ATX-based luxury developers directly but I'd love to hear from the collective BP wisdom.

I REALLY feel sorry for these guys because they HAVE to conform to the Hotel laws, including sprinklers and egress, plans for evacuation, etc.HOWEVER, these hosts circumvent the building code by re-classifying what is a defacto Transient Occupancy business such as a Hotel as if it is a long term residence.This is dangerous not only to the Guests because they wouldn't know that the apts do not have a mass evacuation plan, etc. but to the neighbors who paid money, sometimes millions, for their luxury condos only to find out they are living next to a hotel in the next apt!

I live way below my means to save money, meaning I rent an older, dated duplex, even though I could more than afford to live in a luxury bulding if I wanted.