Sorry but you just confused me abour the whole 8 mile thing... my mind is stuck on all the stupid things ive read on here tonight and reminded me why i have cut back on my involvement on BP in regards to sharing my experiences.

I have read/listened to all the podcasts and articles you mentioned other than J Scotts flipping book I'll definitely take a look at that.I agree I think a HUD home could be a perfect place to get started and in the front door, look forward to speaking with you on the forums as I need to get more involved!

But if no agency status is involved your just making a licensee a second class citizen.

I would think the borrowers attorney who set up the trust, LLC, or Corp instructs the borrowers on vesting, so I really don't get involved.

But you can still be involved in the tenant selection and payment process.With this, or with regular rentals, you can certainly have a full time job.

So the property owner must make sure they are aware of & are complying with all regulations related to their vacation rental property.It sounds like your neighbor did not conduct adequate research before offering their property for rent on the short-term market or else there were other factors involved which allowed the City to shut down the practice in your neighborhood.

Is the lender ever initially involved with this decision?

I have recently started to get more serious about investing and look forward to getting involved in the BP community.

Just to many other houses out their that I dont need to risk getting involved in a sub 2 deal.

The months when there are big problems that involve 10+ hours of work and eats up 3 months of cash flow so you lost $1,000 over the PITI payment while working a lot it will seem to really suck!