Check out the Short-term and Vacation Rentals forum.

They'll require that you fill out a bit more information, and even ask for a picture of you holding your driver's license next to your face to confirm your identity.

Reason being HML's are typically short term loans that are interest only.

If you're looking to get into STRs, you need @Avery Carl's book, Short Term Rental, Long Term Wealth, published by BP. 

It can certainly be done, but I'd recommend having a solid contractor on your team and holding a fair amount in reserves. 

Once identified, we negotiated favorable terms by emphasizing a fast and hassle-free closing.

In terms of the permitting process, an architect that can self certified drawings would reduce the wait time to receive the permit. 

When a Class A apartment can be had for the same price as a Class B/C renovated unit, the B/C operator drops prices, and so on.But, in terms of making an investment decision, I think it is short sighted to rely purely on full market average data.  

But yes long term I am interested in buy and hold single and multifamily. 

So long story short I am still hunting down the contract.