I’ve helped plenty of investors navigate these tricky tax and management questions, especially with properties in popular STR markets like Phoenix and Austin.Good luck with the purchase—sounds like you’ve got a great opportunity on your hands! 

This approach has been incredibly helpful, as many guests aren't aware of how damaging a 4-star rating and below can be, especially given the way review prompts are framed for them.

I’m already aware of the popularity of Joshua Tree and Lake Tahoe, so I’m interested in hearing about other markets that are strong performers and investor-friendly in terms of regulations.Does anyone have insights on:Specific cities or regions where the permit process is more straightforward?

I would have paid $100k because the massive and never-ending value that community/family gives is incredible to say the least.

CPAs and Lawyers will always tell you to get one (and contrary to popular rumors this has nothing to do with getting more $ for filing fees).

It really depends on the scenario.If someone is in deep waters, BK, foreclosure, terrible credit, etc.You don't want to be above 60% LTV as that borrower has an incredible risk of default.

I think the best cashflow markets will always be the tertiary markets of popular states.

Those neighborhoods have been popular  because they offer a decent balance between purchase price and rent potential.

SubTo is incredible.

Sure, in theory, the strategy this investor used might sound clever, but it’s also incredibly risky to rely solely on the compliance of a borrower—especially when they might not fully understand the terms or simply can't agree due to their personal situation.I have tons of ideas that might look good on paper, but I don’t pursue them because I assess the real risks involved.