I used Rent to Retirement to purchase a new short-term rental property out of state, managed by the seller’s agent, Lacey Dickinson. Rent to Retirement had good things to say about her, so I trusted their recommenda...

Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

I borrow dollars from the bank and immediately sell those dollars to owners of commercial income property that I want to own.And then I buy those dollars back over time using the cash our tenants pay us in exchange for using our space.I'm currently shorting $10M and I can't lose regardless of who wins on 11/5By the way, the dollar will always decline in value so this thesis is applicable in any election or economic cycle.Go vote for whoever you feel strongest about, but remember you have infinite more power and that which is within your direct control. 

There's nothing like getting your feet wet and just diving into it and learning along the way, as long as you don't lose an arm and a leg in the process ;) you will grow so much with this experience and learn to do more due diligence in the future.

You can lose insurance and buildability in those cases.

I started out losing money because of employee salary and office space, but we quickly grew enough units that it paid for itself and then became profitable within a year.If you want to pursue this, I recommend finding an existing PM company that wants to sell.

So, your cash flow may be closer to even long term, even if you are losing short term. 

Some of my best properties were often from people who tried to do fix and flip and ended up losing their shirt.

If you are flipping it, you need to do it or pass on the deal or you will lose money on expected sale price.

You can not DIY a chimney, there are so many things that can go wrong structurally, you could ruin the house and lose even more money.