🔍 For the operators who have pivoted from STRs—what’s been your biggest challenge in making the switch?

I was just on their website looking at the permit process:CityofSac-STR PermitLooks like 90 days max until you get a conditional use permit but still reading as it seems a little unclear:A short-term vacation rental may operate from a location that is not the operator's primary residence for a total of 90 days in a calendar year.

Dr's, Nurses, Electricians, heavy equipment operators etc etc.. 

We don't mess around too much and strive to operate with integrity and insist all our stakeholders do the same.  

@Brian Burke Your more of an honest man, than a salesman.It’s great that (IMO) the most trusted Syndicator/Operator on here is saying to diversify across other assets.Brian you are in it for the long game and that is why people trust you.

If the risk of having to refinance into a new loan is a big deal for you, then you might consider simply operating in your own name without an LLC.

I currently operate in 10 different markets across the mid-south and mid-west. 

I'm especially interested in hearing about how you've made a PMS geared more toward STRs work with MTR billing and leasing.I do remote operations support for an MTR/LTR company in Denver and am assisting with our tech stack build out. 

Depending on the loan product, you may be able to exclude business debt once the business has paid the debt directly for 12 months.The income and losses related to the operation of the entity will affect the income side of your DTI (like Jay explained) if you own 25% or more of the entity.

Have a plan for marketing, operating expenses, and scaling without overleveraging.