Also, your lender might tell you to pound sand trying to demand a new appraiser because you don't like their answers to those questions. 

Typically in a vacation market, MTR is not in as high of a demand as STR. 

Originally posted by @Matthew Olszak:@James Wise I shake my head at all the folks who demand a million documents up-front from a prospective contractor, especially on some sub-$40k cosmetic rehab, more than a subdivision or commercial developer would on an 8+ figure job, and then wonder why their bids either come in super high or more likely never get bid.

My research indicates that at the 5 year term the lender could demand a lump sum payment of some sort.  

They also had an article on the housing inflection point for Oregon, where he argues that prices will soon level off, and won't drop until the next recession due to lower demand. As

Also we had an inventory surplus and low actual demand, a lot of vacant houses.

Obviously, a higher quality product in an ideal location will demand a higher rent price point, but each property should be assessed on a case-by-case basis and not lumped into a whole.  

First one being if the community is FHA approved once the lender sees that the HOA reserves are low they can demand a 10% down payment which I've seen kill a few deals instantly.

But I also wonder if the same factors that drove a lot of people to buy and move up there have also increased STR demand as well.  

If you're in a market with good demand a new request will come soon, if not, you might want to allow for a 2 or 3 week gap and make sure to account for that in your vacancy reserves.