That time I was looking at getting 201 S Washington (a 5 unit rental) and S Washington wasn't designated as STR and Gettysburg City said that I had to go thru the process of applying for zoning licence which is followed by a hearing with the neighbors as the jury who would hand me the verdict - yes/no.I like analyzing markets and observing them for a number of months/years.

When I ask for an income report, I received a spreadsheet with multiple units. 

My lease requires renter's insurance which should cover loss of use if the unit becomes damaged/uninhabitable, but I don't think renters insurance covers costs of living expenses incurred during just an evacuation.

Lately, the Northeast can be all over the place..one year you barely touch the shovel, the next year you’re drowning in snowdrifts.With four units, the liabilty is no joke.

This criteria is for 1-4 and 5-8 unit programs.

That area in PA can also work for STR and MTR so if you buy a 4-unit, you have the option of diversifying the asset inside of itself by doing 2 LTR, 1 STR, and 1 MTR if you wanted to give yourself some options.

I'm considering selling the property to have cash to look for a 2-4 unit on-hand.

Some hotels actually have a condo like structure, where people can own the units, but perhaps are limited on their personal use to only a certain amount of the year - the rest of the year it is in the rental pool managed by the hotel.If numerous room owners stopped paying their bills, you could get tax liens on numerous separately owned units.Hotels are a tough business, an issue I also see come up with them often is that they require refreshes, expensive and relatively often - at least once every 10 years, if not more often. 

-If its a large house that has a dedicated laundry room on the first floor, throw in stackable  laundry units on the bedroom floor.

If you want to put down a low down payment, you might not cash flow for a few years.And FHA for 3-4 units is almost impossible.