There is not a lot of data for MTR comps so I look on FF to see how many MTRs are in my area and what the rate is, and I play around with AirBnb to see what  a monthly stay would cost.

These are big money plays life changing profits but RISK you bet..

Cities don't play fair when they decide to go after you.One thing I would also suggest you do is look on AirBnB for the specific building you want to buy in. 

Play with numbers and today interest rates to see if it makes sense for you since you’re locked in with a good low rate.

That’s where details come into play.

I also understand accounting and legality may play a role.

There's a lot of people right now that don't qualify as you have pointed out so we will cut deals for longer lease terms for those individuals that do qualify. 

The STR is a hospitality play.

the one that broke even was a fix and flip play that the fix happened but the flip did not work. 

Overland Park, KS vs Kansas City, MO) Very landlord friendly, worst case eviction is usually 8 weeks + $500 + lost rent (cannot comment on individual cases and this is not legal advice) Large diverse metro area - variety of jobs, companies, people can have a career in KC.