Technically yes, but your odds of success are very slim and your potential will be very limited.

However, be prepared for limited inventory, higher competition, and possible compromises.

Low prices enable more people to buy, limiting demand for rental properties so rents decline (in inflation-adjusted dollars).Population Growth: In areas with growing populations, demand outpaces supply, driving up property prices.

That’s the best bet. 

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.

However, this may limit flexibility and take time to scale.

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.

Quote from @Makan A Tabrizi: Quote from @Bruce Woodruff: Quote from @Makan A Tabrizi: I'm renovating a studio apartment with limited space.

Specifically:The $100K limit makes no sense, unless she has a process and data showing the sub 100k properties have been the best investments in that market.Section 8 is problematic.Over the past 16+ years, we've delivered more than 550 investment properties and provide comprehensive services.

If your goal is less required documentation, DSCR is likely your best bet as most everyone as mentioned, possibly a bank statement program depending on your job structure.