Even if they pass more anti-air B&B laws, people will still need a place to live in a great city-might be some good deals coming up. 

All before anti equity skimming laws and our very rugged west coast pre foreclosure laws came into force in 07 and 08.... they were very good as stated .. just did not realize you can't make a business out of 200 a month cash flow with no equity or reserves..

FHA has anti flipping rules that just went back into full affect on Jan 1, 2015.

It's essentially an "anti predator" law that is so poorly crafted that it puts any transaction under scrutiny.

If you're not in the anti-Durham crowd there are lots of options there.

For example, temper those in favor of large scale and high leverage with the more conservative and financial foundation based podcast like Dave Ramsey (anti-debt and likes real estate only when paid for!).

They are basically anti-student ordinances towns pass because students are not a protected class. 

You can find cheap stuff in that town and while they're lower class tenants (C at best), the entry point is in your ball park and they're decent tenants for C class, plus the town isn't anti-landlord like other NJ towns.

That is actually one of the big arguments they (Anti Airbnb Legislators) are using while pushing the new Anti-Airbnb laws that could pass in November (Big developers evicting folks to Airbnb rent controlled units in nice areas). 

If it is, your likely going to continue to have problems with "anti-flip" restrictions so you will need to decide if this particular deal is worth pursuing.