There is some fine print you need to read on that, but nothing crazy.However, if you max out your 8-10 Fannie Mae loans, there are hard money loans out there where you can get 30 year amortization for rates in the 6-8 percent range depending on LTV, PDTI, FICO, etc.

FWIW, I spent some time chatting with the folks in city government down in Fletcher (just south of Asheville) about converting a property to STR.  

The government does not control your business unless you let them by choosing to rent to S8. 

 - TIPS is tax free, low risk (issued by the US government, and somewhat inflation protected), and decent returns (better than saving account)

@Neel Patel my architect charges $2,000 for architectural drawings, 3 copies of blue prints and postage.

The governing entity for the local city or town.

High prices, government over regulation, high taxes and a negative net migration in population FAR out weigh the fact that Indianapolis is 3 1/2 hours away.

As for government backed financing I do it after the loan is finalized but keep in mind it’s a violation of the loan and they could call it back.

Familiarize yourself with Louisville's short term rental regulations as well (https://louisvilleky.gov/government/planning-desig...).Good luck!

Also, look up the new areas the federal government is investing in.