Be very careful when calculating for a refi or sale-  recent zoning changes have been confusing and ridiculously restrictive for student housing-  some properties are $50k for a reason, run-  it looks... bleak.

STR are becoming more restricted so I can see many competitors entering the market for MTRs. 

Alternatively, you want to avoid a scenario where the tenant is forced to find someone to take over their lease since that means you'll have less control over who the unit is being sublet to (IF you don't have any restrictions against subletting in your lease). 3 - If someone's parent has passed, and its only been 8 days.

Lots of moving parts...and it's wonderful to be able to start with a blank canvas and design exactly what you want to build (as opposed to retrofitting based on the restrictions of an existing older structure).  

I agree with @Brooklyn McCarty ...Too much money to get in and too many restrictions.

@Alan DeRossett California,   I get it but the rest of the country I don't believe has as restrictive regulations or commands higher rents due to those type of improvements. 

This notice is required to be mailed "Certified-Restricted Delivery."

I understand that in states with restrictions, those specific reports are not pulled, but all other reports are displayed.

One thing I’m not able to find, is if I as an owner can take draws from the company and if there are any restrictions.

Once you narrow down markets, you can usually find online on the city or county website the zoning restrictions around short term vacation rentals.