With housing supply being so limited in the NW, lots of people fear that STR's take away opportunities for owner-occupants and can pass laws limiting or banning the practice, which would impact your investment.My first question is what your goal of owning a short-term rental?

@Melissa Justice and @Drago Stanimirovic - appreciate the practical tips and location suggestions!

Thanks for sharing these practical insights!

In practice, tenants usually comply well before reaching that point.This process has encouraged tenants to turn on their RentRedi notifications and stay more engaged overall.

My comment was meant to explain how DSCRs are typically structured on paper, but you’re absolutely right that some underwriters still treat PG-backed loans as contingent liabilities in practice.

@Mel Rosario, It really depends on what aligns best with your personal goals, but if you’re considering a 1031 exchange, here are some practical options you might explore that can benefit you greatly as you grow your portfolio:• Trade Up to Larger Multi-Family or Commercial Properties: Use the equity in your paid-off rentals to exchange into bigger or more scalable assets, leveraging better economies of scale and potentially higher cash flow.• Diversify by Market or Property Type: Swap your current properties for investments in different geographic markets or asset classes (e.g., from single-family homes to apartment complexes, self-storage, or triple-net lease retail properties) to spread out risk and tap into new growth opportunities.• Consolidate Properties: If you have several single-family rentals, you could exchange multiple of them into a single, higher-value asset.

What I found was that a large portion of the numbers were either disconnected (which the dialer flagged automatically) or wrong numbers (where the person answering had no connection to the subject property and didn’t know who we were looking for).From a practical standpoint, when using a power dialer, we typically only upload the first three numbers for each lead—that’s the max.

I have thought of investing out of state but I'm not sure if I should start that way because I have no practical experience yet.

A couple of practical takeaways for anyone raising or placing capital: Always verify collateral — Is the loan actually secured by a lien on real property or just an unsecured “note”?

I sent you a DM with a breakdown of how this looks in practice, Looking forward to connect!