Brian, per the legislation EIDL should be a solution and would be a grant - Likely if you do not have  payroll you would not qualify for PPP - Payroll can be rental income if that is sole income and not "e" income. 

Hi @Nicky Venditti, I'm also in Buffalo and consider myself familiar with NYS landlord/tenant legislation.

He's super cool and was the one that pushed our legislation so I'm very confident he can answer any question you may have, regardless of state as this is a Federal incentive. 

According to the Texas Business Commerce Code (TBCC) Section 1.201(b)(27), Legislators defined Texas series LLC as a legal “person.”

They keep current with state and local legislation (a whole lot cheaper than an attorney and you get other benefits as well)!

I don’t know that buying an STR is difficult as the author (with a bias) suggests.that said, as an STR owner, I personally love the medium, however I think legislation will be such a battle over the coming 5 years that it’s hard for me to blanket recommend them. 

Yes we could clean ourselves, but elect not to with 3 young kids.In general, all the things that could go wrong for a guest, things that are unacceptable when paying as as a guest (internet outage, clogged drain, etc)The anxiety of managing to positive reviews in the early days when one bad review can do you inUnknown and changing legislation 

It may be that the FHA itself is revising its own policies which I'm pretty sure it can do without legislation from Congress so long as their policy doesn't conflict with some existing federal law.

Significant capex because of older buildings and legislative risk.

@Jay Bob Keep in mind that under new NY legislation you are limited to a 5% rent increase.