Instead of using your personal income, employment history and DTI to qualify, a lender would look at the income or potential income of the property to make sure it cash flows after taxes and insurance are accounted for.

@Eric HemplerIf you are not employed by the sponsor then yes you must be a licensed broker-dealer.

More often, I see people in Chicago using the MTR strategy to side step the STR regulations.I've considered buying a SFH with an in-law arrangement in Chicago to use as an STR because to me that seems like the best way to employ the strategy.

My brother in law works for them, absolutely loves his job and his employer, so very hard to be objective about deciding to invest. 

Being that your brother lives here he must show he has employment here in NY he will be good for the loan using FHA.

Running background checks on tenants, criminal, eviction, employment history are some way to determine if this is the right tenant for you. 

For the last 20 years the Federal Reserve's dual mandate has been to prop up both the SP 500 and the Nasdaq, not its purported goal to maintain price stability and maximize employment. 5 days ago a collection of Democratic senators wrote a letter haranguing Jerome Powell and asking him to cut by 75 basis points.

Plenty of renters and although home to a state school the town does not feel seasonal due to the other major employers.

Thanks for the reply, job and employment data is should help me determine upcoming demand.

I live near my properties and still would employ the same systems as I have a day job and can't be there much anymore.