Folks vote for no more STRs, they are gone and you are out of luck.If there is a large block of condo's owned by a single entity, like a wealthy family or corporate entity, you are also in the same boat.

I am not sure why folks are saying it is not worth the money.If there are others that are better I'd love to hear about them.  

This makes sense for folks with multiple rentals or a larger rental and larger income.

Hey folks.

I will never lend again... its advisairial on its face.. we as HML take ALL the risk or 80 to 90% of it... borrowers who think 70% LTV is enough coverage for a HML have no clue.. plus they are thankless most of the time.. it becomes the bad lenders fault.. so to heck with those folks..

Sorry for your bad experiences folks! 

I've never personally worked on a transaction like this, but know folks who have.

We are seeing more and more horror stories pop up from folks losing their investments after pooring them into trash syndicate deals, or buying in C/D grade areas out of state because a YT video or message board post gave them FOMO.

There is also a much larger inventory of rentals for a prospective resident to look at, a few years back we were in the 3ks for vacants and this year bumping up near 5k during the peak season (in my opinion probably due to the low entry price point for investors compared to the rest of the country as well as low interest rates on loans for folks moving out of their homes).

a lot of folks jumped in to help with the money question... but there's a lot of background missing here.