Anyone have any thoughts on Alabama as a potential market? 

We are seeking guidance on a few key things about the market. 1) We've done a lot of research on the area and have been scouring MLS having trouble finding opportunities that will cash flow (the golden question, we know).

Total cost is $3,200.I know the De Minimus safe harbor rule allows you to deduct anything under $2,500 and that anything over this amount, if considered a capital improvement, would need to be capitalized and depreciated over a certain period of time (the life expectancy of the improvement).

While this would improve the cashflow and cap rate for resale, I'm wondering if it would shrink my market of buyers, since they could no longer use conventional financing as it would no longer conform to a 2-4 unit building.

After the fix I want to put it on the market so I can pursue other real estate opportunities.

What have been your hurdles, if any, getting into the short term rental market? 

If you want to be more on the knowledge/digital side of skill, marketing is a good place to start.

I am looking to connect with folks in the NJ market!

It looks like it was listed in March for $500K and in June it dropped to $400K only to take it off market in July.

The market really tightened up in the last 3 years where they were better options.