. – For the first time, online platforms such as Airbnb would have to collect and remit taxes on vacation rental properties, ensure that only properly licensed rentals are advertised and provide the state with specific information about the rentals, under a proposal headed to the House floor.In exchange, short-term rental regulation would be “pre-empted” to the state, largely preventing local governments from regulating vacation rentals.

Take this time to make sure you are storing the security deposit properly.

But generally, it would seem that if you did a Wrap the proper way, then the title is no longer in your name.

@Johnny Nunez Lake Elsinore is not the most popular spot in California, but with the proper property manager you may get some cash flow out of it. 

How will you properly control the draws?

If your loan was setup properly they can't just sell the property without paying off the liens.

I am not sure I can recommend buying turnkey as the companies that I know are focused more on new construction, with almost no cash flow when properly accounting for soft costs or they are rehabs in increasingly marginal neighborhoods. 

Option 1, pay for coaching to get properly trained on finding off market deals subject to and seller financing.

Not so much that you are better off it's that TTax simply can't figure it out unless you split the property into 100% rental versus partial rental in order to properly account for the personal use time.

If you are looking in DC proper, condos are great.