This unit has already been indicated by the city that it can be approved as a 3rd unit.

I am 99% sure its not an issue, there are other STRs within city limits and so is my property.

@Virginia Frost What market/city are you targeting?

I've closed a bunch of loans with Kiavi, Roc, and a few with ABL, I also closed with RCN, Easy Street, Lima One, and some smaller private lenders.I've come to the conclusion that the experience at the lender is not globally good or globally bad. 

After graduation, I bounced back and forth from Los Angeles to New York City, doing odd jobs.

The discrepancy probably is related to county vs. city metrics, and that may or may not be significant. 

I know when it comes to many cities there are long permit processes and also there are specific air laws that go into each city.I would love to hear a story that goes over an experience pertaining to developing/rehabbing a property in the DC area. 

However, what is far more important for financial freedom is the location/city where you invest.The city where you invest is far more important than the current interest rate.

I think a lot of the midwest cities will capitalize on that in the coming years with the housing affordability issues the country as a whole has been having.

Co-living I like a bit more because you have less money needed for furnishing a property and CO laws allow it in the major cities unlike STRs.