Also, with conversions, even if the municpality does not require MEP drawings, I highly recomend spending the money to have an engineer prepare them.

We were okay with paying a bit extra for something we love, but with the added complications of the undisclosed claim and the high insurance premium due to the property being in a high-risk status, it’s become a concerning situation.

Purchased in February 2023, rehabbed until June, listed the Airbnb in June for the high season, rehabbed the basement in October and refinanced in December.

The ironic thing is that in some resort/highly desirable locations where the cost of housing is high, when STRs are banned, the houses in question typically get bought by people as a second/third/fourth vacation home and then let it sit vacant. 

This is why I highly suggest hosts check into the info Justin Ford has, and the educational videos and course he provides.

I highly recommend it and their prices for basic accounting ledger is much more reasonable than QB.

Too high of a cost and no workflow management, horrible leadership and customer service, too.

I would highly recommend Pace Morby as you get the same info for free. 

Search property data for properties with high equity & perhaps out of area owners or elderly owners & contact them to introduce yourself as a local hoping to find another rental property.

I am a huge proponent of taking advantage of assumable loans in today's high interest rate market!