Hard money lenders are much more like banks and come with many restrictions, requirements, due diligence, fees, etc.

These are primarily found in cities with a metro population >1M.Pro-business environment: Many cities treat employers as adversaries through restrictive policies.

One of the reasons I bought a beach place is because STRs in the area we vacation started tightening up what breeds they would accept.

I also advocate using the 95% LTV versus the more restrictive 96.5% FHA LTV.

Restrictions are placed to prevent potential buyers from acquiring those properties before they are disposed of by banks.

While no formal laws say this is restricted, we are getting notices saying the request is not feasible due to XYZ concerns.

@Mike Lambert That is highly dependent on a multitude of factors like size/luxury class/location/housing type/owner restrictions/etc.

Yup City of Alexandria, not to be confused with Alexandria Fairfax County, is pretty much the only place you can STR in the metro are without restrictions.

Go to the city and county of your prospective STR and ask for the deed restrictions and/or municipal code, for the specific property.

At a minimum,  you should understand what the current zoning is and what restrictions there are.As the post above mentioned reaching out or going in person to speak with the planning and zoning department will be very helpful.