.#6 Locust Lake Village - Pocono LakeLocust Lake Village quickly became one of our team’s favorite locations in the Poconos.

Not only is the demands of each buyer going to vary by market and submarket, but also asset by asset.My favorite example of this was an old season of Flip or Flip, where they bought a house in LA county, versus their standard stomping grounds of Orange County.  

Listen to the people who tell you to have ample liquidity.

Quote from @Marcus E.

No, this wouldn't be possible - the down payment would need to be liquid and pretty much all DSCR Lender's won't allow a 2nd lien on a purchase (also requiring both liquid DP and liquid asset reserves)

@Derrick E.

The only problem is that my liquidity is now completely tied in my property.

If you don't have the liquidity to purchase the property your other option is to finance the acquisition but how do you obtain financing when you can't even show sufficient down payment funds/liquidity on your PFS?

For those following along at home, that language is found in Title 10, Chapter 1, Article E, section 6 (or 10-1E-6) in the municipal code.It reads: "The renting or leasing of real property for residential occupation for periods of time less than thirty (30) days is prohibited in any zoning district within the town, except as permitted in this title for hotels, motels and bed and breakfast inns."

It is a liquidated amount covering only part of Landlord’s damages—for Landlord’s time, effort, and expense in finding and processing a replacement resident.