Quote from @Jack Spicer: Hello everyone,  I’m Jack, a 19‑year‑old finance major at CSULB.

There's no draft ordinance yet, but some highlights from the meetings:-- There's majority support for a cap on future short-term rentals.-- Cap specifics don't exist, but many think it should be around 1,100, the total of licensed and unlicensed STRs currently.The way Park County is so understaffed, I suspect it will be months if not longer before something passes, but it's something to watch. 

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

Looking at buying a fixer-up that needs major rehab with a fix& flip loan and then 3 months later converting to a dscr loan  pros and cons?

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

This signals a major shift from the low inventory, high competition market that has been seen since the start of the pandemic. 

Cashflow neutral in some cases is ok, but I recommend starting with a solid base hit, get some passive income, in a home in a boring area with jobs, schools, low crime and has had major systems updated recently or new (AC, Furnace, Water Heater, Roof). 

We all found out that there is a major flaw in that logic.  2021 was the highest number of visitors ever to the GSMNP - around 14 million. 

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.