We have an active effort forming a lawsuit to fight it...and I am keeping my places inspection ready so I can comply if we lose. 

Let's face it, most of these TKs are not brilliant investments. 

STRs should cash flow but they are high effort and regulations could impact that cash flow significantly so there is a certain risk.  

The investors do this in an effort to have the tenants pay for their own utilities...

"- Secrets of the Millionaire Mind.

If you have not done a rehab or fairly new, I would take a closer look to make sure on the cost of a rehab.  119K + 40K + 9% for closing 180K (16K) = You make nothing for your efforts at $180119K + 40K + 9% for closing 200K (18K)= You make 20k for your efforts less interest9% closing covers a realtor, misc. fees etc.

What does it cost roughly, any companies you recommend, and do you find it's worth the cost/effort?  

@Kiyong Kim, please keep me posted on your efforts and successes.

So i have sorta brainstormed a few topics what do you guys think i should take away or add... sorta just going to do a data dumpI have labeled topics 1-3   1= basic   2=intermediate   3= advanced1-3 Property Management Absentee ownersShort term investors and the opportunities the miss and the opportunities they make for others1-3 Contractor's (bids)1 Bootstrapping1 The myth of real estate passive income1 My secret to massive upside Long horizon, value add mentality, “72” Bootstrapping, force down NOI via capex, property efficiency and systems1 Value Investor Mindset2-3 Managing tax liability1 Service and Hospitality (or business partners with commercial tenants)1 Small improvements can lead to massive swings in NOI1 Lower rent and lower vacancies are more important than the ego boost from high rent with medium vacancy1 Strategy… why I prefer multifamily and other strategies2 Cape rate and property class2 NOI income and expense1-3 Add Value properties and mindset1 money is made when you buy… or lost1-2 Buying your first deal series (couple episodes)1 DRY POWDER (cash)1 “72” (compounding interest basics)1-2 Money is everywhere Mentality/ mindset episodes1-2 Financial literacy/ intelligence (mini series)1 Stop asking permission1 Positivity (mindset)1-2 CASHFLOW is KING!!!!!!

@Jay Hinrichs, He's from California as I, It takes a little more effort to pry info from the Assessor's Office here.