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For more information, see the article linked.

In NYC, yes it can be very lucrative but it could also bury you for the information you don't know that you don't know. 203k Construction loans are a whole different animal.

I cannot seem to find any information on if there is a waiting period, am I tied to the purchase price as the home value even if there are significant improvements to the house that raise the market value of the house?

Hi all- We closed on our first STR literally one week ago and today I was informed by my insurance agent that our homeowners insurance company cancelled our coverage because in their words "A HOME/DWELLING RENTED LESS THAN WEEKLY IS INELIGIBLE FOR COVERAGE."

Landlord provides tenant (at tenant's decision) the option to limit potential damages by agreeing to pay 2X rent as lease break fee".

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.

It shows the information of a LLC that is in austrilla.

If the property does not provide for all three, you should not underwrite or make investment decisions based on the property operating as an STR. 

The reason why you are not having any success finding any information is because it doesn't exist.  :-) It's like looking for an insurance for a speeding ticket.