Likely they will only allow you to live in the property once you refinance out of the debt due to rules and regulations, but you can always ask! 

"TaxMaster 2023"   :) We have supply chain issues in our country, not he least of which is a shortage of truck drivers.Flipping through tiktok (hold your laughter until the end, please), guess what I saw on tiktok "live," with THOUSANDS of viewers? 

I believe if people make money and there is sufficient housing supply, housing will become affordable. 

As an appraiser I’ve appraised a handful of properties recently that are outside of city limits and operating successfully as STR’s that don’t have the same regulations as the city of St Pete.

However, since market shift / rate increase even these guys have slowed down quite a bit.Regarding regulation, I think eventually Indy will have to regulate against Short Term Rentals.

Looks like the fence fell down at the end.For a weekend of work and a few hundred in supplies, I think you could make the place look much more appealable. 

There are markets that have built in "gotchas" like the rising cost of insurance in coastal FL, regulations in much of the west coast states and property taxes in Texas; however, the deal itself is the most critical factor.

You're buying a specific property, in a specific location, in a specific condition, subject to local rules and regulations.

Quote from @Jonathan Greene: What are you looking to do in 2025 to grow, regulate, or downsize your portfolio?

CRE CLO is still regulated though.