On long-term rentals the bank likes to see signed leases which clearly you can't have with STR. 

Be mindful of recapture tax when selling but consider long-term strategies like a 1031 exchange.This post does not create a CPA-Client relationship.

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!

This term replaced "subprime" and looks a lot different than subprime loans of the past.

It may work in the long term but can be a painful process.i wish the OP the best and i believe he can benefit by recognizing the value in the various responses but seems unwilling.  

Glad you made your way here.. are you eyeing long-term rentals or short-term flips?

@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term

Not only will lenders be effected, but borrower credit, business loans, inventory, and auto credit will suffer when those effected have to relocate, find long term replacement housing and their livelihoods and income are destroyed.

Purchase price: $310,000 Cash invested: $50,000 Big Blue - 2 units fully rented, 1 with section 8 tenant and 1 unit being used for short term rentals What made you interested in investing in this type of deal?

Liquidity is important if this is money you plan to put to work in the near term.