That said, if the property you're attempting to finance is materially larger than the properties you currently operate (IE - you're trying to finance a 30 unit building, but have only operated a series of 4-plexes to date), then sometimes this rule gets thrown out the window and you'll still be subject to the "Limited Multifamily Experience Sponsor" re-sizing parameters. 

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!

But I get it when you have that tenant dynamic IE limited income basically lowest earners in the country its a tough group to corral for many many reasons..

But I have a guest coming on 10/12 that is already trying to get a refund because an unnamed storm *may* materialize.  

It requires a higher down payment and remote management, which can be harder without a strong team.House hacking with a VA loan is better for hands-on management; DSCR is great if you're ready to start from a distance.From a tax perspective, if you intend to qualify as REPS or have material participation in STR, being overseas will prevent that.

We've had a tough time selling our stuff and has taken 3-6 months to do so.

Probably going to be tough to find something in St Elmo that checks those boxes. 

It's tough.

I've been saving a ton since I was last on here, and have invested a lot of time into learning material and networking.I'll definitely look into these resources you sent over to me.

Looking at all the cool air bnbs I know it may be tough to succeed.