I am uncertain what others see in this property but what I see is a huge amount of negative cash flow.

But this could be a risky option as well because I would need some cash up front to furnish the house and the demand is uncertain as well. 

If investors want more flexibility in an uncertain market, the 3yr Step-Down is very popular right now as well. 

The one thing I'm uncertain and a bit nervous about is - if he does call the city, can they just take his or really anyone's word and do an inspection? 

For the most part they are uncertain of what I am asking.  

DC had legislation that was due to be brought up for debate this month, but the council member who was working on it was voted out.....but there is a new council member taking up the issue.

STR's are becoming increasingly targeted for legislation, especially in Minnesota.

Because of this shortage rents are increasing very rapidly which is great for those who have units to rent but bad for those in the renter pool (bigger pool now that a lot of people have been priced out).On the flip side, these uncertain times have given buyers more power in negotiations.

Whether we like it or not, STR legislation is inevitable in many residential locations.

High demand and lots of money flowing in raise prices.Low cap rates are indicative of lower perceived risk.. in a uncertain market, lower risk assets are the bell of the ball.How to buy now?