Keep in mind I focus mainly on residential lending. 

So many options already, but the first thing that comes to mind is creative financing.

Also keep in mind I am in NYC not Virginia.

Thereby leave investors free rain to buy these homes and turn them from what they ALL started as SFR owner occ into rental props.. that in my mind is the issue.Everyone of the Rust belt cities and mid west has anywhere from 2k to 20k vacant homes currently.

STRs in most areas make up less than 5% of the housing but they consider it low hanging fruit.With that in mind, I wouldn't be surprised that the new city council would start to look at restricting STRs.

It is about the long-term appreciation of the asset.It all depends on your risk tolerance and what gives you peace of mind. I

The most important thing to keep in mind is to first identify a strategy, choose a market that aligns with it and establish your Core 4.

In fact two of my properties are over 1000 miles from where I live.Keeping that in mind, I was planning on saving a little bit more and buying another small multi family in the Phoenix or Tucson area using the money as a down payment.

Sorry about your grandfather.One thing that comes to mind is that this is an off-market deal. 

Now keep in mind I have taken these risk for years and years buying court house steps properties and tax sales and the 100 plus sub toos I bought..