But to answer your question why you still see so many active STR's on Airbnb in a restricted area, it could be a couple things: It could be a "hosted rental" meaning the homeowner is there and is just renting rooms on Airbnb.

It’s funny I joined Chads groups on Friday.

Get 3-4 jobs, work 16hours a day, both days on the weekends. 

Lenders will base their max LTV on the appraised value assuming positive DSCR.  

Have you run the numbers on MTR/STR to see if your cash flow improves?

There are multiple potential strategies it's just really going to depend on your personal situation. 

When you are first starting out, you should probably buffer an extra 20% on top of your renovation budget to cover incidentals while you are learning the true cost of flipping.When you do all these things (conservative estimate of ARV, additional 20% estimate on construction costs, using a conservative 0.7 multiplier in your estimate), you are unlikely to lose on your first flip (but it will be harder to find your first flip).  

It makes the math very tough on purchasing, at least from my perspective. 

We give good tenants one free pass on issues. #1 is probably flushing "flushabe wipes" and female products. 

You will learn so much more being hands-on!