That change can be a late payment even if not your fault, new credit cards or mortgages causing the DTI or credit score to drop, and every month they soft pull to monitor the risks.I have even seen cases where in the middle of a project a lender closed a customer’s heloc due to them buying a new car and it dropped their credit score and increase their DTI.

Bigger Pockets has some great state forums and usually there are good locals that monitor those.

This is one area I will continue to monitor for the right deal. 

Monitor pricing. 

The GPs will either how this is playing out and have two options hold with a possible cash in refi (which the LPs will have to pay for) or sell.

We've furnished homes like this a bunch and one thing I would look out for is cell service in the area, internet outages, and GPS directions to the property.

Decent price, easy to use, and can sync to WiFi if you need to monitor something on your phone.

And there is so much more to short term rentals - constant contact, immediate replies, calls in the middle of the night, managing the Airbnb, VRBO listings, monitoring the market, etc etc etc.

So I did---I stand corrected, sorry for the oversight (that's what I get for being in front of the monitor for the last 17 hours)...I wouldn't be quick to fault lenders solely for the current debacle (what about the appraisers that over-inflated values, investors that overspeculated, borrowers misrepresenting income and/or future earning potential and real estate agents stretching affordability going for the upsell to mention a few)---loose guidelines and predatory lending certainly had a hand in this, but so did alot of other factors (including higher interest rates).

Will monitor this thread.I'm a newbie, looking to learn and help out if I can to get some experience.Thanks!