Thank you. on another note I received multiple applications today but now need some additional advice.

., Ocean Shores has a pretty fluid STR regulation situation.

Once you have built a solid understanding, know how to wholesale, and have multiple deals under your belt then branch off and do your own thing. 

North of town, west of I-5: 95219 Brookside (high end gated communities; Mello Roos school taxes - so high taxes; Lincoln School District; some peat dirt problems on streets; don't know about foundations); Spanos Park West (some gated; lots of huge houses; basically built for commuters just west of I-5; Lodi School District) North of town, east of I-5: 95209 Spanos Park East, Colonial Heights (most Lodi Unified Schools; though small pocket of Lincoln Unified) North of town, east of I-5: 95207 Parkwoods and Lincoln Village (Lincoln Unified Schools; was considered best family area due to Lincoln Schools, but lots of flat tops and built since the 1950s so electrical can be kind of minimal - 1 outlet in kitchen instead of enough to use multiple appliances); lot of remodeling in this area.

I feel that this is a series of stupid questions, but I’d like to get multiple opinions.

Like the law suit situation, secrecy is not available today.

Based off experience can you provide some recommendations on if this is a good idea and how to address his rent in this situation?  

I am in favor of investing in the better situated real estate in Philadelphia, not the lower tier neighbohroods.

The right vertical column showed: the "IRR"  (don't remember how  he attempted to explain that one) , total return/unit and equity multiple.   

Ok, I'm throwing this out more as an interesting situation to show the unexpected stuff that can happen.