As a DSCR specialist, AZ is one of the 5 states that makes it strict for lenders, so less than 20% of DSCR lenders can touch it.Credit will play a factor, but assuming solid credit, 75% LTV at around 7.4% with no buy down.

Pinellas County is very strict with STR regulations.

Hi Rhyna, I live in Las Vegas and have invested here, and surrounding rural towns in NV and AZ, for the last couple years.The short term market in Las Vegas is very tough, Clark County is pretty strict on Airbnb/STR.

This clause is a significant risk because if the lender discovers the transfer, they can call the loan due.Although many lenders do not routinely enforce this clause, especially if payments are current, it is a risk you and the new buyer must understand and accept.Disclosure:Full disclosure to the new buyer is crucial.

some have strict laws, my guess is some may even have no laws. 

The American market isn't strictly RE driven. 

Build a portfolio of routine service call tasks and light remodels with actual costs that your Clients can compare to outside vendor's similar work.

You cannot occupy the property at any point, it's strictly a business purpose loan.

That being said I am a big fan of being strict to a criteria.

As for the long term option, that pricing is based strictly on your credit score and the amount of leverage you’d like to take.