Also, how long is the process of establishing the operating agreement

However it hasn’t happened, so to be on the safe side I would recommend an appraisal in accordance with established guidelines.

It is only a matter of time before they start really cracking down on both RVMs and SMS marketing.Check out these articles:FCC Rules & Regulations on Text Messaging: Understanding TCPADon’t Break the Law: How to Be TCPA and CTIA Compliant for Text Message MarketingTCPA Message Guidelines for Text Marketing in USARingless voice messages subject to TCPA litigationFirst Ringless Voicemail Message TCPA Decision Sides With PlaintiffDoesn’t matter if you didn’t put a ring on it: ringless voicemails are “calls” under the TCPAThis is from another investor I know:  We operate under a pseudo name when RVM leads come in.

As Yolanda correctly pointed out - ANY violation of that can be reported to the Department of Business and Professional Regulation which governs real estate agents' operations.

Thanks in advance for any advice...KurtShort term rentals are a fad that are quickly being put out of business by increased enforcement of municipal regulations.

@Michele King I'd suggest establishing a presence online with a website and social media.

We own all of our rentals in one large Ocean Front community and there has been an increasing movement towards regulating STR and we are exploring making our lives easier and starting to rent month to month. 

Establish an LLC, fund the LLC, then purchase the property through the LLC.

@Erin M.You may be eligible to establish a Solo 401(k) based on consulting income.A Roth IRA cannot be rolled over into a Solo 401(k), unfortunately.The impact of taxation on UDFI is generally negligible. 

I bought turnkey so it's probably not the best deal but looking to establish concept for my first investment.