If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.

For example, bank accounts we control and specific investor capital accounts are all tracked in this same software.For our investor reports, each month we download spreadsheets, write a narrative for the month's performance and then export it all to a PDF.

You have less control with a property like this when compared to other asset classes.The upside here is that it seems there is room for negotiation because of the below-market rent tenants.If you're looking to put down $200-250K, I would recommend looking into a multifamily property, especially one with additional income potential. 

Seems like they are doing a fantastic job of marketing a product that has amazing potential but isn't fully there. 

IMO investing out of state requires a fantastic team before you buy a single piece of real estate. 

The only thing is the HOA fees go up and they can do special assessments and you have no control over it.

Connecting with local expertsThis forum is a fantastic place to start, and you’re already doing the right thing by engaging here.

You will have less to invest, but you will spend within your limits.You must maintain control of your finances.

It’s fantastic to have a Realtor and investor with expertise in new construction homes joining the community.Here’s how you can engage and collaborate with the BP community.

It has nothing to do with you.”The Mastery of Love: - “Selfishness, control, & fear will break almost any relationship.