@Peter W.From my experience, a second-home investment strategy works best when you meet lender conditions like owner occupancy and rental restrictions.

There are restrictions such as a maximum LTV lowered by 5% or requiring a higher minimum credit score.

Are there land use restrictions?  

I’m currently looking into the best ways to structure guest payment flows to ensure legal compliance (that may restrict non-licensed property managers from collecting rent directly) and seamless operations.

As best as I can tell on both sites, the algorithm looks something like this:Cheapest price>least restrictions (cancellation, # of days minimum, etc)>Premier/Super host>Review Scores>Most discounts (weekly, last minute, etc)>Regular revisions

So I am not very familiar with PadSplit @Najhae Robinson.All I know is the neighborhood backlash, the nightmare stories and the like.I have heard nothing positive about it.Oftentimes they violate the STR restrictions in cities because they will rent to anyone for any length of time.I would never look at this as a business model personally.

Generally a "local" lender may just have more restrictions and even though they know the area, that's really what a great realtor and PM should be able to inform you on.

Compare that to Vegas, where rules can be restrictive and condo-hotels often come with sky-high fees or limits on how you can use your property.

Your best bet are still the Townships - they have the best schools in the county with the least restrictions. 

Loan FlexibilityAre there any restrictions on the types of properties you’ll finance (e.g., location, property condition)?