We will be hearing from you again on issue after issue.

Again, that's all fine and good but the numbers have to work which is why I was hoping to speak to someone with first hand knowledge of owning a property or properties in the town without an axe to grind like the Seabrook sales people.On the issue of negative STR regulations roughly half the houses in the town are in their rental program currently so I don't see that as an issue in the future as an investor as it's baked into the town's business model and not likely to change.

I just found it interesting how people still do it despite the laws.

Do you know what laws there are about pre-payment penalties, especially regarding seller financing?

If not, I have no issues taking on a "cash paying" tenant.In terms of what I would do in your shoes with $100k... it sounds like your plan is pretty solid.

But unless you know and understand the reasoning behind it, and are sure the reasoning applies to you, opening up all these LLCs because "everybody does that" or "that's what my real estate bible told me to do" is a pretty silly way to run a business.Taxes and, I assume, legal issues, are never cookie cutter, one-size-fits-all issues. 

In addition, there is a separate issue if you lost your principal investment.

I know that the rent is guaranteed, but that isn’t enough for me probably since I haven’t had very many issues with nonpayment of rent. 

If the PM is not communicating with the tenant, that is another issue. 

Hey @Blake Alan Quarrie - What garbage company is issuing violations?