I personally believe I set the rent at a pretty reasonable price and not sure if the rents he’s proposing will work but that’s for him to decide.

There are lots of reasons why this might be you…but alternatively there are MANY an investor that are very successful WITHOUT Fannie Mae or Freddie Mac.

I may actually sign up for RETA, seems a small price to pay to see the actual deals he's promoting.

I just let Airbnb do their thing and do my normal due diligence on Airbnb guests like asking why they're coming, making sure they have a valid ID and try to avoid locals unless they have a good reason like home shopping

If the rents end up being taxable in the organization, they'll actually be subject to maximum income tax rates very quickly - much faster than if you just did this personally.There are groups now starting with "socially responsible" investing - effectively a standard partnership/syndicate that is "investing for good" - that would likely be a better structure to avoid 501(c)(3) headaches in a for profit venture.  

We were supposed to save a lot of money by laying off our AP staff here, but we actually ended up having to keep one of those people.  

I actually ran into an article on AirDNA with where it is best to have STR's in 2022 with the best statistics.

I'm pretty sure The Wire filmed here for their "Hamsterdam" sequences. anyway, some responsibility must be allocated to the infinite greed of the investor who believed this to be a reasonably safe investment?

One big reason is the fact that if California were a country it would be the 5th highest economy in the world.

@Marcelo Murai how are you going to screen agents to make sure you're dealing with one that has the actual investing experience, and can document it, that you'll need to succeed?