I’m hoping that the opportunities that come from having a higher chunk in savings already ready to deploy might make it slightly less difficult to get started vs needing to start from nothing (I may be wrong here). 

*reminder if you are uncomfortable with anything up to this point you can back out and get your money back (most of it)(21-30days out)Step8: at This point you need to get back in touch with your lender and make sure they still have everything they need from you. don’t make any large purchases or open any new accounts or you could lose the home. (14-21 days out)Step 9: appraisal... not a lot will happen between the day inspections end & the appraisal.

Hopefully I can also be a resource to you as well. 

We have been doing STR for approx one year and we were hoping we would be able to be "grandfathered" if laws change but hearing a lot of mixed messages about the case law so far on this. 

I think that may be what my mother is hoping to iron out.

Hope this helps!

Ultimately, the decision should mirror your financial ambitions, how actively you're looking to manage your portfolio, and your risk tolerance level.Take some time to reflect on what you hope to achieve with this investment.

Hope all is going well with it! 

You still need to meet material participation requirements.REPS and material participation are annual tests.Keep in mind there are lose limitations even for REPS. 

Cash grab or not, I believe it will help address some of those issues.Let’s hope that you are right!