More of a re-set that seeing the numbers (prices) at which my comp set actually books- leads to.

Either way, $600 in cash flow should actually help your personal DTI if you go for conventional financing on a primary again. 

Actually, they’re in pretty good shape.  

This vote is whether they will send this proposal up to the county commissioners who are the only one who can actually vote something into effect. 

Hey Anthony, I acquire properties local to Phoenix and similar to what others have said on the thread, it's as close to dead as can be.The only time I see it actually work out to the 1% rule is on Section 8 properties, which can be great investment opportunities despite the stigma around them.

If only short term rental guests actually followed rules!

You may actually have it worse in NYC as opposed to the rest of the state, make sure you look up the exact laws and/or speak with a lawyer.

If that is the case, for me, if they actually do bring a case, I'd try to get it wrapped up as soon as possible.

I can tell you what we actually did.  

You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.