Some lenders may also want to see law and ordinance coverage in your insurance and perhaps a rebuild letter from the city stating that the property could be rebuilt as a residential 4plex if destroyed. 

My wife and I are now at a stage in life where we’re looking to move from a condo rental in the city to a home in the suburbs.

Are there any specific cities you are considering?

And I don’t mean something like saying you want to invest in New York City, I mean an expert on specific neighborhoods you have chosen for a specific reason.

From my research so far, it seems the demand is pretty high in general for STR's, I was also looking at San Antonio but would prefer to be in Florida and Jacksonville is the city in Florida that fits my budget, interested to hear from anyone who may know more about STR's there and to connect with anyone.

I'm looking specifically for folks with experience in cities where military and veterans are densly populated.

SF has a limit of 90 days per years for AirBNB in the city otherwise I would keep it and short term it all year long.

I have a pdf with every city in Cuyahoga county that requires a PoS. 

City National Bank has a $50K grant program for homes in certain neighborhoods.

If you think this is your comp and you did the work without permitting it, the value from the bank will not be the same as the other comp sold because they will ask for permits/city confirmation this was truly added to give the value.