Plus, you get huge appreciation here based on how many companies are moving and developing here! 

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

Lenders usually determine whether properties are lendable based on the debt service coverage ratio. 

for water stuff - if it is not raining based on ur experience how else one can test that?

I used to cold call sellers from across the countries, and offered to buy their homes for cash.

Based on that, their personal use kills the STR loophole from 2024 forward. 

Based on an earlier post it looks like that is not legal in MA correct?

Of course, if we have another available unit that's similar to the one they were looking at, I'll pivot to that and offer to move their current application over to that unit as long as they would still qualify under whatever the new unit's rent is. 

I've worn three hats in the seller financing world (as a property buyer, as a property seller offering terms, and as an investor that buys seller financed note). 

If you ever have any questions feel free to reach out and ask I enjoy helping and offering tips and loopholes to help save time and money.