Unfortunately the bank loan market has become really tough, with the banks tightening restrictions, imposing difficult metrics to deal with and applying commercial rates and fees to my property.I've been able to get a basic commercial loan offer, not what I wanted, but what I could get.  1m loan, 5% fixed rate, 5 year term, 1.25% fees and legal up front, and a lot of paperwork and hurdles to overcome yet to ensure I actually get the loan approved.  

The New Orleans city council is planning to impose some serious restrictions on STRs.

And if you're having trouble leasing the unit, I would probably drop the restriction on being a non-smoker and just say they can't smoke in the unit (although they likely will). 

Also be sure to check the restrictions in the banks P&S contract, sometimes they restrict you from selling within xx amount of days and/or above a certain % of purchase price.

I'm looking at doing an ADU up in the Napa Valley, it seems to be a good opportunity right now for areas with restricted housing supplies and steep prices.

There may be no restriction where you are. 

Also, your preference of location and condition may restrict your opportunities if you are too picky. 

. ;-) Oddly enough, there are a bunch of ice skating rinks and ice hockey here in the desert.

Again using the average 2 year stay, that means the PM is collecting that fee every other year (think of it as: in even years, the tenant re-ups; in odd years, new tenant).

That's what all the much ballyhooed social changes in America in the last forty years making us a less-restrictive, more-tolerant society really add up to when it comes to building and keeping wealth -- three percent.Please humor me and think about that for a minute. 5% of US millionaire households are headed up by people who were never married or divorced.