Quote from @Chris Mason: It's not 2021 any more, at this point most things you can make up out of thin air, some lender will do.The question is if you want to pay the corresponding rates and fees....Very true, especially since the DSCR space isn't regulated.

Lot of these common misunderstanding is coming because folks are saying loophole/opportunity for tax terminology and tax regulation.

First with a metro market you need to check the regulations and then also run your numbers and make sure it's profitable.

Again, check your local regulations, but you could theoretically get those rents up very fast.

It is important to consult with a tax professional or attorney specializing in 1031 exchanges to ensure that your friend's specific situation and intentions comply with IRS regulations.

It’s what franchising industry would have looked like if they’d hadn’t chosen to self regulate and get rid of the “bad actors”. 

Regulation & laws - tenant laws, eviction laws5.

If using a PM, they are expensive and often bring the return in line with LTR.  2)  STRs and MTRs are at risk of increased regulation.  

I could go into it in detail but essentially it would be too easy to launder money if they came from lending institutions that were not regulated by that nation's government.

I have looked away from condos because many of theses condos HOA fees are exorbitant, not to mention HOA rules and regulations when it comes to renting.