From my understanding, it basically means that you need an egress window.

I would hesitate to say 1-2 years to rotate out but closer to 5 years, and ideally I'd try to get the downpayment higher to at least 10%.I understand your areas though-- they're expensive.

As long as I understand the risk and mitigated the risk with sound exit strategies, I can let people live in my properties and I haven't had any losses yet.

@Michael Plaks comments in this recent post on making sure the person you hire understands real estate sounds really relevant to your situation.  

In areas such as NYC the market tends to be a little lower, from what I understand.

I understand that not everyone wants to do that, though.

Hi all, curious what price you list your rental if you are targeting section 8. say fair market rent is $2000 do you list for rent at $1800 to accommodate the utility allowance or do you list at $2000 and understand that the voucher will be lowerlet me know what you think! 

Quote from @Reeti Peshawaria: Hi, I'm in the process of learning about short-term rental investments and analyzing potential markets, but I’ve hit a major roadblock: understanding local regulations.

You are solely focused on the net income but have to understand the expense implications.  

If you want to understand 5-year outlook, I'd look for multifamily construction data in your area to understand what level of new units is and will be coming online in the near future.