It seems to me that the 21-day period in Wisconsin is half-baked, given that water is a utility that often runs with a property and not the lease term. 

Hi Molly,Since, you are merely using one loan to pay off another, it doesn't seem like an efficient use of capital (especially if the loan you are paying for the primary has low rates).

When I visited the property, my (investor-experienced) agent gave me some rent estimates for the property's units, but they seemed really high to me and seem out of line from what I've seen the market absorb.

I think almost half the cost comes from the teen driver.Additional $345 annual to add $1M excess uninsured / underinsured motorist coverage.A $2M umbrella on top of a $2M STR policy might seem like overkill, but it's a big three-story house with seven bedrooms, max 19 guests. 

It seems to be a numbers game 

This may seem silly but for the last year we've become members of the local landlords association even though we own zero rentals and are not, in fact landlords.

While I'm not a JD or CPA, it seems that your CPA's advice about using tax K-1 capital accounts for ownership determination is crucial for IRS compliance.

My point is that observing the 2008 GFC it seems like interest rates are a leading indicator for future delinquencies, and that delinquencies tend to lag by about 2 years.Should we expect something similar to happen again in the current market?

@Medi Sarwary there are lots of up and coming areas in Sacramento, ideally I'd like to hit some of those, but some already seem cost-prohibitive. 

Lots of people getting duped on the STRs in 3rd ward; it's just wrong. 3rd and 5th ward seem to get the most attention, followed by Acres homes, but I don't invest in the slums.I bought a few houses in Houston in the heights, midtown-ish area, and the Lindale area.