Even if they do, you need to consider the potential risk that your HOA votes to ban STRs in the future, which is definitely a possibility.I agree with Victor that you should put that money towards a house hack or some other rental property. 

FTC, California DFPI Case Leads to Ban Against Operators of Mortgage Relief Scam Home Matters USA | Federal Trade CommissionOffering to buy their homes and "Save their credit" or "Save them from foreclosure" could innocently put you in the state or federal regulator's crosshairs.

I am willing to bet this is a violation of air bnb s old policy, probably of any other listing platforms they’re using, and potentially of the law.

The property includes a small house with a detached garage, offering significant potential.

About a year ago, we bought a property in the Kansas City, Missouri area.The MLS listing stated the property was 1,700 square feet.However, someone alerted us to a potential error, suggesting the square footage might be smaller.

They love knowing more voters/tax dollars are potentially headed their way 3.

You may hear of people who are successfully doing it, but there have been lots of instances where people think they found a great scam to pull and then found out later it was really illegal or they somehow get burned when the jig is up.

Regarding using funds from your LLC property business, you'll need to consult with a tax advisor to understand the implications and any potential issues with this approach.

Local investors can offer insightful information about particular neighbourhoods, industry trends, and potential opportunities.It's necessary to carry out in-depth market research, consult with local real estate experts, and get guidance from experienced Phoenix investors before making decisions.

@Jesse Imes echoing what other have said here, the value is going to be based off of sales comps rather than a cap rate on the potential income.