Hi @Danielle Du Plooy,Cape Coral is a great option that is not only STR friendly, but the local government has passed some new city policy that has shown they're interested in promoting the growth of that specific local industryThe first piece of legislation was the newly enacted rental database, which requires all landlords (or local property managers) who own in Cape Coral to register their contact information, along with paying a $35 annual fee.

So if wholesaling is illegal bigger pockets is promoting us doing it.

I was there a couple weeks ago and saw numerous yard signs and billboards throughout the city promoting the approval. 

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC as mentioned by the other two respondents is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

You will probably not see any significant growth in traffic for at least 6 months, unless you promote the channel heavily.

Ok, here is how you do it: take literally everything promoted on how to be a wholesaler and throw it out of your life and mind, gone, that's step 1.

More cabins than cleaners, can't go cheap. 2 turns per week at $250/turn runs you $2k/mo in cleaning  The majority of cabins in the Smokies do not include cleaning fees in the revenue they promote so paying 1 Mil for a cabin that does 101K in revenue is a horrible investment at the current rates.

I'm not arguing with "investors" or with those that have interests in promoting some strategy from a profit motive, such would serve no end as they are unlikely to ever face the issues in the same light.My comments are primarily for new investors.

An investor who actively seeks a buyer and promotes the value of a property above its market value is predatory dealing, indicating a significantly higher value has been prosecuted as fraud.What to do?

Again - first libertarian I've heard of that disagrees with Ron Paul and now promotes Keynesian policy.