But if it is sub-to then the deal works for a nice base hit rental without needing to buy using a HML at 10% and points etc.

If this passes and someone ran their numbers based on 30 day stays, they could see a significant hit to their bottom line.In summary, talk to people who know, ask them what they think will happen in that specific area, and know that in high demand areas an absence of rules can honestly be a red flag - it means the STR conversation hasn't happened yet and leaves you vulnerable to whatever the decision is once it does.

If you unfortunately find yourself in a similar situation hit me up, I'll put you in contact.  

What if gentrification hits that 20 unit?

In my case I was fed up with lies and incompetence, and switched to another local Pro mgr company. but I am being hit with EXCESIVE cancelation fees. 

And members crashed them occasionally a couple went into the ponds and some broken feet ( dragging their feet) but to me if you have guest and they let a teen on them with little to no experience if they hit something or someone they could really do some damage so based on my experince with them I would never do this personally.

Basically we just hit our 2 year mark of our first investment with MidSouth and we have had 3 turnovers including 2 evictions.

So I don't foresee a not of real estate inventory hitting the market all at once.But this is what I see.  

Hit me up with a PM or better email or call me. 

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.