In today's market, it can be hard for some people to tell what they should do with a specific property. 

We also have 100’s of markets with their own MLS rules as well.

Now the city initially said they would limit the amount of days, but upon going down there and spending time with the city workers there (they are very nice) it seems there won't be enforcement on the number of nights rented out.

However, with 25 years of experience in RE Syndications, there are several major red flags I look out for:High Cash Flow.Aggressive Marketing.Lack of 100% Transparency in PPM and Marketing Material.Whenever cash flows exceed market expectations, I question the sustainability of such returns.

The reason I want foreclosure is for the equity, since they could be under market value.

I’m looking at expanding into the market Quote from @Robert Khalev: @Emily BeattyHey!

The "half assed rent collectors" you alluded to - while I don't advocate for that approach, and it's not what we do - have figured out that there is a market for exactly what they are doing.The real question is, is there a market for what you're proposing?  

I'm particularly passionate about real estate hot market area.Outside of real estate, I enjoy DIY hobby that can improve property value, as growing houseplants, painting, and storage organization.Excited to learn and connect with you all!

update: the property was taken off market as of July 2024, unsold at the desired price. 

This could also open the doors to direct equity investments in the future if you scale and continue to hold these initial assets.