Cities that already regulate STRs have essentially already gone through the political battle, but cities without rules are often still preparing for that fight.2.

Some of the listings on AirBNB, VRBO or similar could be using the 30 night minimum to be considered a MTR allowing you to bypass some of the STR regulations.

Things like structured leadership, clear house guidelines, and ongoing support services really help create a positive environment that benefits everyone involved.It’s interesting to hear how the city’s open to it with the right contract structures, navigating those details well definitely makes a big difference.

There are some local investors who completely avoid Minneapolis and Saint Paul due to a number of factors (regulation being a big one).

There has been a bit of movement in regulations here lately that are probably moving to more flexibility, but so far I don't see it in DFW much.   

More regulations, tougher to evict non-paying tenants, etc.).

For example, in September of 2023 New York mandated that all short term rental hosts must reside at the property.To avoid regulation change issues, it is key to make sure you are buying in established Vacation markets and that your communicating with the City or County in which the property is located to understand what the current sentiment of the people and stance of the city is on coming Airbnb regulations, and avoiding properties located within HOAs / Condo Associations / Co-Ops.

Quote from @Chris Seveney: Quote from @Keith Wilson: Any feed back is welcome  Have not taken the course but BRRR is basically dead right now due to interest rate environment - so if you take it I am not sure you can implement any training you learn at this time.  

(They concentrate/force the equity into their class B shares 13/18 million so they get 72% of the future capital appreciation at the higher 30% cut, versus 5/18mil at the lower 20% rate) They also seem to be overpaying in this downward trending multi-family environment.

@Case Mccarthy great question, Depends on the competitive environment, The average age in Maine is like 45... so we can't find many people to mow lawns and decided to keep it in house. also the margins at scale work out for both the owner and the management company. we do the same with snow removal