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.

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

This isn’t 1979 where you’re restricted to properties “within a2 hour driving distance”.  

I am going through the regulations and restrictions in that place (not a closed community but there are some rules).

Going to the credit union where there are less restrictions makes since.

For instance, FHA guidelines are very strict and restrictive when it comes to using departing-residence rental income to qualify for a new FHA loan (such as the 100-mile rule).

I can't remember exactly, but I believe the main ones had to do with additional parking restrictions and water.

But usually for a tenant occupied it's like $90-120 per monthI've noticed a lot of multi-family buildings are pre-WWII housing inventory - are there restrictions or issues common with that (historic districts, crazy high utility costs, etc)?