I suspect it would be cheaper to have this building assessed as an apartment building, and there is also a new program for "affordable" apartment buildings you can apply for if you qualify that would drop your assessed value 25-35%. 

Depends if you hired them through your business or if you just simply purchased their services.

In my opinion, it represents a solid opportunity due to its affordable real estate, strong rental market, cash flow potential, landlord friendly laws and stable economy.

Those that can afford a home move and landlords replace them..

I have sold vacation rental management services for the last two years.

@Brandon Warren Provided you didn't exceed 14 days of personal use after "placing the property in service" (e.g. making it ready and available to rent) converting the STR in June 2023 doesn't disqualify your property from meeting the IRS requirements for STR....

The problem is continued growth is dependent on out-of-area money continuing to come here as the vast majority of Utahns can't afford to purchase homes.My opinion (and what other's have said) about regions (sorted by size):Salt Lake county: Home of SLC and the major metro in Utah.

Think of it this way, for a one month stay, it's quite the hassle to set up utilities services and then have to cancel it in a month.

@Ruben Helo Ruben, if your final choice(s) is to invest in areas other than where you live, be certain to do 2 things in relation to the front part of those BRRRR's before going under contracts to purchase: (1) Make sure you have a quality short-term rehab style lender, and that they service the area/city that you are targeting.

If you can afford it, invest local and DIY everything.The experience you gain will serve you well if you want to expand OOS.