For now it's business as usual.Major cities, including Phoenix, Scottsdale, Mesa, Sedona and others, have adopted their own STR rules and regulations, primarily requiring operators to register their rentals.

Any advice or insights would be greatly appreciated.Thank you.Since much of real estate business is built on the utilization of debt, you’re going to have a limited universe to deal in.  

My cat business partner and I buy cat trees on Amazon for $60 to $80 put them together then charge $5000 for the newly constructed cat tree...hahaha

Other parts will depend on the business model of the brokerage and how the owner or owner/broker decides to assign responsibilities.  

@Thomas Shepard, appreciate the input, but PM is a very low margin, high effort business.

I have been in the brokerage business for years doing deals for many.

Have you thought about the specific strategy you are going to use or what your business model might look like?

I even created my first LLC to start the fix and flip business, funding it with enough skin in the game, elsewhere hoping to use OPM rather than my own capital to fund these projects as it has been difficult finding a lender who is comfortable with loaning to me solely without an LLC.My goal has always been to match my W2 income and eventually double it and more so I can work as a hobby rather than relying on it to live.

Hi Wade,DSCR loans are business-purpose loans that qualifies lenders based on their credit score and rent/debt ratio (rent/PITI). 

From this site, it looks small LLC does not need to file sate tax:https://www.dos.pa.gov/BusinessCharities/Business/Resources/Pages/Foreign-Limited-Liability-Partnership.aspx"Under the U.S.