Are there any potential red flags or points I should be cautious about?

Quote from @George Red: Hey @Darius R.

I was thinking about staying with a similar red or changing it up with a navy.

I made an Excel spreadsheet and color code the ones that are higher in the red or orange colors, and low balances in green.

I feel that stories like this help keep everyone safe and promote doing good business by educating the public on red flags to watch out for.  

Additionally, it raises red flags in underwriting if you were to originally acquire a single family home, and then move into multi-family after that.  

Embarrassing, because my seller did exactly that, without any of my loan details, and generated the exact same letter I had given to him.Lessons learned: gold cross = red flag, "have a blessed day" = "see ya"Date of experience: June 16, 2023

I've already stamped a big, red "DUMB" on my forehead)."

If this passes and someone ran their numbers based on 30 day stays, they could see a significant hit to their bottom line.In summary, talk to people who know, ask them what they think will happen in that specific area, and know that in high demand areas an absence of rules can honestly be a red flag - it means the STR conversation hasn't happened yet and leaves you vulnerable to whatever the decision is once it does.

This would be our first rental and I think it could be a good opportunity long-term, but it feels like there’s some red flags here.