Any opportunity is too good for the law abiding citizen, unless he can bring to table millions of dollars , spend 60 hours on some BS course to acquire a license, to have every breath and sigh controlled, regulated, restricted, obstructed and sabotaged.

It's a loophole, and it will eventually close, everywhere.Any property I buy going forward that I plan to hold long term I will only buy in areas that are already extremely strictly regulated for STRs. 

I would focus on finding one that is investment focused and a broker who can shop numerous lender platforms for you.

Be sure to study up on your local rules and regulations and make sure you're comfortable with it all before taking this on.

STR just became regulated and the new ordinance is causing some angst. 

But how many people actually run a tight perfect ship in compliance with every single law, rule and regulation?

@Rania Mutumhe If you are trying to finish and rent out your basement, then there should not be any regulations stopping you from doing that.

Are there any regulations to be aware of ?

Rate will of course depend on numerous factors but it’s always worth taking a second look because you can probably find better than 8.25% for a conventional loan even on a duplex.

Do you happen to have any preferences when it comes to which jurisdictions have "friendly" Section 8 regulations for getting a property approved?