The other is more of a gamble on the location, but I think it is going to be a winner long-term.

I didn’t have enough money for renovations on my first deal last year so I basically gambled on bitcoin / ethereum until I had tripled my initial $2500 dollars and then pulled it out due to the necessity of paying the contractors.

A handful allow a month or more...not day by day....some people say renting 30 days or more to one tenant can change the STR to someone with tenant rights, so some operators won't do that.I've also seen condo associations prohibit or restrict even LTR, so that does happen.You could be entirely right that state law supersedes HOA CCR and R&R, but is that a fight you want to fight and pay to fight and gamble on big lawyer fees?

I think that is the biggest gamble here.

Therefore, I am uncertain as to how much I can profit, and therefore, I am on hold.I would say that if you already had Portfolio of buildings like mine which had properties acquired decades ago and had already captured a large amount of Appreciation where the Price may move down a bit, then it's worth keeping for the Gamble that the future politics may not touch 2 to 4 Family Buildings.So for me personally, I am keeping the portfolio but am not expanding it.What I will expand, however, is my Property Management business should the future regulate my buildings!

Maybe Seattle will appreciate more, maybe it'll slow down or even go backwards for awhile, but if you're not cash flowing in the meantime it sounds like that's a gamble that's more trouble than it's likely worth.

Solid deal, but was a good price since it was sight unseen re: the inside and thus a bit of a gamble.

A lot of RE investors piled on debt without cashflow to suffice the debt obligation in order to bet on huge appreciation, which is gambling.