The government of Florida (and other states) require building inspections and money be set aside (Reserve Funds) to fix problems so that things like balconies crashing to the ground doesn't happen.Her HOA has underfunded their reserves.

There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

Chicago is a city that can be tough on landlords - I have had bad tenants and the process to evict them is long and straiieous.

Many of our clients that are looking at STR are also looking at MTR as Charlotte is currently top 20 in the country for traveling medical professional demand (furnishedfinders), and we are currently one of the largest cities without a medical educational institution. 

I see your city mentioned frequently as a great place to invest.

A fund would need a Security offering and then you would need a MLO or Consumer finance license or RE Broker license to make the loans in the State of CA.. one of the 3..

No matter what option you choose, it's going to cost you.I recommend you get them out and then consider selling the property and investing in a State with fair laws and court systems. 

Hey @Angelo Cortez - The City is clamping down on these but long-term buy and hold in Madison is still great.

The buyer can add a performance deed to the transaction which basically states that if the buyer defaults on the loan, the property is transferred back to the seller without a long and costly foreclosure process. 

I’ve determined after much research that my existing markets make more sense for me than going out of state.