Even outside the city, many townships have passed legislation to limit short term rentals. 

LOL people is funny when many of them invest without even opening an excel sheet. 

So, landlords of exempt units don't even have to be concerned at all.   

Just don't see the S-Corp or another LLC having a place here..I've heard tax advisors say it takes around $70k min of self employment income for the break even point for S-Corp to make sense.

Beyond the bedrock issue, soil conditions can be costly if the property has problematic soils such as too much silt, deep topsoil, or extensive wetlands.You'll also want to know what ordinances are going to affect your budget - things like tap fees, tree ordinances, storm water retention policies, etc.Bottom line is that you have to investigate ordinances, off-site conditions, and on-site conditions before you can even begin to budget your development.

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

Nor would I pay retail for a property with that low proforma return even though I like PR.  

And then you argue with me saying that I don't know all the details (as in, well, these days even a man can get pregnant.)

I agree 250 MAP clients is a lot, even in a city the size of Pittsburg.

If you’re serious about buying properties and doing real estate, then I would suggest working with the CPA that understands real estate even if the services cost more than your average H&R Block or some TurboTax program you can buy.