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.  

@Thomas Anderson   subject to partners approval has to be the all time low weasel clause.. can't you guys do any better.... really  this is a profession not a screw the seller free for all.

I want to learn about owner financing, subject 2, wraps, etc.

The new format of the emails does not identify what the subject-topic is from the person posting.

I have a Sales/Service position with the Valspar Corporation's Packaging business segment, specializing in barrier coatings for metal containers.I have no experience with Real Estate Investing to speak of, however I am looking to educate myself in order to help break into Real Estate Investing with a good understanding of the subject.

I've read a couple of ebooks on the subject; they are ok but not exactly college-level reading, at least not from a finance perspective.Would it be realistic to turn this into a full-time business and build a 100+ note portfolio of these things?

Speculation on appreciation does not enter into the subject.

I definitely think mentoring is worth it if you've already learned and tried to apply as much as you can about the subject on your own.

While generally small landlords are exempt from 1099 filings, if you have many rentals, this can be considered as a business in the eyes of the IRS subjecting you to 1099 filings

This note is subject to Section 2966 of the Civil Code, which provides that the LENDER of this note shall give written notice to the BORROWER, or his successor in interest, of prescribed information at least 90 days and not more than 150 days before any balloon payment is due upon requests.All payments under this Note shall be made in lawful money of the United States of America.