This effects the housing market as you might think it would.

Renting effectively defers the tax on the equity gain.3) Your liquidity situation.  

I don't think it would be hard for me to begin closing a few deals a year up there, but I worry it may be too much trying to be effective in both cities. 

My Single Member LLC, paid $37,000 for the property, how will this effect my taxes. 

Picking a farm area and door knocking is by far the most effective method for people getting started.You get a sense of your market, you see the properties, and you talk to people who tell you where the opportunities are.  

These posts will be the aggregate of my notes from each source and what I believe to be the best/most effective way to go about becoming each step.  

For me, I am thinking that I will probably wait another couple of months and see how the political turmoil develops farther and how it effects the economy and real estate.

But First things first I need to buy that first property first so that I can begin the snowball effect and get the ball rolling.

Someone getting into REI using the STR to create a positive cashflow can only expect (2) as a natural result, not only from the community taking action against businesses operating in residential neighborhoods, but also economic reversals where the travel industry takes a hit.BTW: Tourism has been with us since the automobile and communities thrived a long time before the advent  of STRs.The NIMBY principle is heavily at work on this subject and historically, has been effective and successful in managing change.  

that's the issue most professionals in the industry have with this pestilence that is EMPTY POCKETS wholesalers  LOL  emphasis for effect only.