It's an incredibly powerful hack if you do meet the criteria.In other words, marry a real estate agent who's an RE Pro!

Just be sure it’s documented and consistently applied to avoid any Fair Housing pitfalls.Another option is to stick with strictly quantifiable criteria—credit score, income ratio, etc.

It is 5 minutes from the ocean and is in a small community that is nestled in a valley between the mountains that meet the shoreline.

I do have several S8 rentals, while they are generally performing well, there is more paperwork involved in the leasing and the strict inspections can be quite a pain. 

The town of Shandaken has some pretty strict rules regarding STRs, requiring a "absent owner" STR to be owned for a year before it can be used as an STR, and also limiting the number of STRs to 100 properties.

These loan types allow you to do up to 90% of the purchase price and 100% of the renovations financed as long as you meet experience, credit, and LTC/ LTARV requirements based on an appraisal or virtual inspection.

I heard Detroit just started strict tenant laws with yearly inspections, etc.

Try to be strict with your application and underwriting process.

Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in. 

Want to give you kudos for using a servicer as there are very strict rules to follow to comply.