Here, Condos are governed by State Law 514B, while Home Owner Associations, which are largely detached and duplex homes, but also rowhouses or two story attached multi-unit structures, are governed by State Law 421J, which is not as stringent and detailed as the Condo laws, but still has similar basic features, such as By-laws, Declaration, and House Rules that apply to all unit Owners.

Right now we're finding that there's only so much our team of 3 can handle, with one partner focused mainly on acquisitions and HR, the other on acquisitions as well as system implementing, list pulling and all the technical stuff and myself in the full time dispositions role (plus two lead generators) we need more people on our team to qualify and close these leads.

Implementing effective cash flow strategies is essential for managing the financial health of a business.

Considering there are eight days left in the year (less considering the holidays) there isn't much that can be done in terms of developing and implementing new strategies.Starting a new business venture is not a tax deductible expense.

This is helpful.Curious if anyone else here has experience with hosted Short term vacation rentals and how stringent the county is around this?

@John Anderson, I am assuming you mean multifamily development, since you mention low housing stock.While I generally agree, there are still a lot of risks that come with development, that are not present on acquiring deals: namely turn around time to cash flow (acquiring existing and implementing a value-add business plan could start creating cash flow faster).  

If you wanted to implement some sort of idea like this.

Pairing your outreach with some automation that you set up in advance (email drip campaigns or mailers to current property owners for example) are also good things to implement that can streamline your outreach.  

But, I wouldn't let the price point deter you too much - in this rate environment there are deals to be made and there are strategies you can implement with your agent to get a permanent or temporary lower rate.

Congrats it is a great business model to implement.