You can do DSCR loans or Hard money loans, where they only focus on how well the subject property performs in terms of the rental aspects or the ARV aka after repair value.

@Eric DeNardoI had not actually thought about that aspect of it.

(CAD) There are 3 aspects of the rezoning process with the possibility that the re-zoning does not complete.

@Aaron Francl Thank you for providing a couple aspects to think about as I embark on this journey.

Took time over Christmas to dive into all aspects of the website and found the "live in then rent" model discussed and thought I could do it.

I have had experiences dealing with production builders in the past, learning both the positive and negative aspects of their work.

The legal and regulatory aspects of selling a home, including managing the necessary paperwork and ensuring compliance with local laws, can be a bit overwhelming.

Together, you can carefully consider the financial aspects by comparing the potential income from renting to the costs of selling, including any repairs needed to make it more marketable.You may qualify for a conventional loan with a down payment as low as 3% to buy a new one.

Good luck with your house flipping business, and I hope you find the right professionals to guide you through the legal and tax aspects of your venture! 

Since you bring up condos: not only could the local jurisdiction change their laws (less likely in a high vacation area like Gulf Shores), but also any HOA doesn't step in and start trying to restrict Airbnb usage.I think the thing many people don't think about is the marketing aspect of the successful Airbnb's.