Once you have done your research on the STR rules and regulations in a particular state, city, county and any HOA, you have more work to do.

DTI is crucial for these products even if you can get a higher LTV product if you can't meet the payments all the regulators don't care about your equity position.   

You basically can't purchase a SFH in Taney or Stone country because of the regulations against STR - be wary of people selling their homes as STRs (they are probably trying to get out before more regulations kick in) - you will not legally be able to rent it.

Lots of odd regulations in NY.  

I would exit the California market due to the tenant favorable laws and regulations and the risk of long term population loss in the state.Be careful about paying off mortgages to increase cash flow - it may make you more money to refinance and reinvest to increase the number of units. 

Nobody seems to be talking about WEST SACRAMENTO but my clients and I are focused heavily in this small area because of its close proximity to downtown but also low regulation since it's a small separate municipal government - it's not even in Sacramento county, it's Yolo county. 

https://www.rentspree.com/blog...Landlords and property managers are approved by FCRA regulations to legally review a tenant’s credit report (with consent) for the sole intention of determining an applicant’s qualification to rent.

Come to think of it this is the exact technique now taught as “wholesaling” by numerous Gurus.MMM – With inflation this is now 5MMM.

That's when the regulations were put in place. 

They're currently trying to work with Congress to ease regulations on them (That are in place for a reason) because they are maxed out on margin but still trying to loan out money.