Watch how these indexes move and you will get a much better sense of how the markets are actually reacting.STRs usually have a pricing hit to them versus a LTR with most lenders as well.  

There is also a mismatch on what he was paying for rent versus what he disclosed on his application (previous rent was lower).

I bet the Seller received payment for September and October.

You bet! 

Very risky bet.

The bottom-line requirements for wholesalers are:A buyer must disclose to a seller of their intention to wholesale the property;A buyer must disclose they are selling their equitable interest/contract rights (versus selling the property) in all marketing, advertisements and communications with other parties;"

What is the reason behind wanting to build new versus purchase existing?

If you’re just starting out, a long-term rental could be the safer bet for consistent returns and lower management hassle.On the other hand, some investors prefer out-of-state opportunities for better cash flow and affordability.

As you may know being local, SB249 is the bill that came up as a defense against towns like North Conway trying to shut down STRs, but it ended up in zombie state due to the sheer nature of diametrically opposed views on the matter and Governor Sununu’s push to do better than what the bill ended up proposing.Some details here: https://legiscan.com/NH/bill/SB249/2022As with all areas in New England I encourage investors to start thinking of oversaturated STRs markets as expense offset versus cash flow properties.

The most recent data show that record momentum continues for the residential rental industry especially for the short-term rental industry, with year-over-year bookings now exceeding pre-pandemic levels.The complexity of the problem hinges on the definitions of “short-term” versus “long-term” rentals for tax purposes.