For a SFH there typically needs to at least be some sort of equity and if not, then the debt to income needs to be strong.

You are absolutely correct that many cities have some sort of restrictions against STRs, regardless of state or politics.However, it should be noted that CA can be far more restrictive than AZ and that 'Blue' states are often (usually) more restrictive than 'Red' states.

Thank you both for the input, the majority of our current buyers list has been achieved mostly as you all mentioned, just through organic networking and marketing but wanted to explore other options if they were proving fruitful for others.Instead, you all have confirmed what I already sort of thought. 

Any tips on dealing with local governments to get this sort of thing done is much appreciated!

Borrower does not have records from 2020 any longer and lender is requiring some sort of proof of release.

That would be unlikely unless you have some sort of domain expertise that would cause you to get an outsized return.

Hey @Alex Springer      What sort of loans are you seeking?

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

If the partner who is exiting the deal is a guarantor on the loan, this is something that will have to be sorted out with the lender.

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..