Based on this ruling, the City no longer has any regulations for short term rentals.This should clear up an confusion about weather STR are allowed as the courts have unambiguously decided that they are both permitted and protected.

Inventory should be higher near you with rising insurance costs and that could mean decent deals, but don't jump too quickly.

Hey @Faaz Hafid no worries, good place to come when you're new. 

Rentometer: $3,868Redfin: $4,173Zillow: $6,233The problem is the sites have no idea about the condition of the unit or the configuration. 

No, this is a landlord issue.

maybe your friend has contacts but no one in SLC is going to manage your project like you will.

Every person on this forum is going to have a different idea on what makes a "good deal"Personally, for rentals, I look to gain as much equity right off the bat as possible and have little to no money in the deal.

It varies by situation, but a couple decent benchmarks are if it improves your rate by 1% or more, or you recover the refi costs in two years or less.

The current owners do not have a mortgage, and would sell it to me direct.Since the don't need the cash, I'm going to offer $50k down at a 3% interest at a 30yr rate, but buy them out and remortgage it with the bank at year 5.No money needs to go into it, i have a $100/mon HOA, ~$800/mon escrow.

They have no income, so they can't refi or HELOC to use their equity for their personal expense.