If your STR no longer qualifies as an STR and is now operated as an MTR/LTR - I'd say no problem.

It would be good to understand what other think is a good net operating profit, cap rate, and ROI in today's world which I'm sure can vary by market. 

Active investing - CREATE wealth through forced value increases, financial engineering, better operational efficiency. 

You need to let the tenant know this and that an eviction can affect their standing with the housing program.Since you did not know this basic thing, I would really recommend getting a property manager and watching how they manage until you have a better sense of how to operate.

I operate in a few markets and two of them are Philadelphia, PA and Reston, VA.

Properties that are operated by a management company are also out.

The business and real estate value are packaged in the deal, and the crux is that the current owner is the operator who has mismanaged, and is looking to retire.

MTRs can be operated by working directly with businesses, that's my strategy.

H2 2022- fwd will be high debt and understanding how to operate in that environment is new to a lot of folks, but the chance to succeed and qualify your risk taking is absolutely there.Hold more reserves.

I got a feeling that life as a Private-$ Investor may be a great place to start, and these properties lend a perfect means to testing that out, solving 2 issues in 1 action, because you can JV your way out of the operational side of things AND retain that long term financial upside.