Lots of cities that have S@H orders set them to expire in May or were open ended.In LA they are trying to crack down on people flouting the order.

Ormond Beach for instance - properties that would have been snatched up by STR investors are sitting on the market with price drop after price drop due to zoning crack downs..

@Dena Puliatti - is the City of Huntsville finally starting to crack down on STRs? 

I don't know that town, but in my area some towns are very insular and they crack down on "outsiders".

I am going to start filing quarterly returns because the IRS is seeming to crack down on businesses that don't. 

It doesn't shock me that states are trying to crack down on this but this also wont be easy for them to do.  

Go look up irs crack down on self directed ira properties from a few years ago.  

@Adrienne Bryson  when you say you tell sellers you USUALLY pass them on your inferring that you close most of the time.. when in fact you probably never buy any property.this is the crux of the matter. selling RE without a license.. and the issue is the states just don't have the man power to crack down on this.. some are though, Ohio,  FLA,, CA  at the rate of wholesalers messing up transactions I suspect within 3 to 5 years this activity will be curbed quite a bit and you folks will HAVE to Have your funding to make these deals. you WILL have to buy them then resell them.like I have said in this post 2 to 3% can make a living the rest just blow whatever money they have on yellow letters.. and never do a thing.... its a tough business.Its also very very regionalized.. if your in an area of low value RE in an area which in the US are usually filled with owners that are regular joes and not really very astute to the RE game. its prime grounds for fast talking wholesalers.I actually buy a lot of property in a lot of markets.. well over 30 to 40 a month.. some of my vendors get them from wholesalers occasionally .. but most do not.

I do this for many folks all over the country and get busier every month it seems at title companies and state crack down on double closes or pass through escrows.. and if they say yes then your set.. they will handle the transaction just go there and drop off your purchase and sale agreement they will handle it from their.But to be perfect honest closing attorneys by and large are not nearly as good as a really good escrow officer.. they will not generally go the extra mile because they are too busy were an escrow officer usually has company staff to help them with customer service.

And keep in mind that the hotels and short term investors want the cities to crack down on all of the investors that aren't following the rules like the fire suppression systems, emergency exits, Certificates of Occupancy, City inspections and other safety updates that cost money.That being said, the going rate is always in flux.