As compared with local lenders credit unions the reporting requirements are vastly more for agency loans.JohnHi John - To your point, borrowers are required to provide updated quarterly rent rolls and financial statements on an ongoing basis.

My philosophy is similar to yours in that I prefer the GP to be local to the area they are investing in and have boots on the ground on an ongoing basis.

Also if you do share based raise you cannot issue distributions on a cost per share basis.

Would have to check your jurisdictions specific zoning code for the wording and calculation basis.

Every day different person calls saying he is taking over the property from previous person.

On a practical basis, you are attempting to sell real estate without a license.

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

(And of course, I don't rent just to nurses, as discriminating on the basis of income source would be illegal and not cool.

Many of the shiny object brokers I expect every day to see they've decided to call it quits.