I have built a portfolio of almost 200 units with 90% in Utah and about 75% of those seller-financed.If you don't feel comfortable with seller financing, finding off-market deals or value add opportunities I highly suggest we jump on a Zoom call.You need to network with people who are where you want to be and if you don't you won't get there, ever.

As far as the impact, first who is the beneficiary of the restriction? 

This is more difficult to secure in this high rate environment but so is a cash out refinance.  

They have such high cap rates there because the future outlook is bleak.

Given the high demand for LTRs in your area and Mountain City's tourist allure, a hybrid approach may be beneficial.

Hey Thomas - I'd highly recommend speaking with your CPA and an Investment Sales broker about your options when it comes buying an STNL deal to utilize depreciation.

I would highly recommend placing a tenant on a lease under 12 months for their first term so this bill does not apply to them.

The worst part is that the PE guys probably lost all the LP capital (if they are big enough this is pensioners and teachers funds) but generated big fees from acquisition and management.All we can do is wait for them to be exposed and make the headlines about them ourselves, before the media does.

@Steve T.As a native of New Jersey currently residing in Georgia, I highly recommend considering Georgia.

Good deals are scarce, labor and materials are expensive, competition is high.