Please be very careful with any information you get from someone that doesn't live or invest in MA.  The

I am much more likely to purchase all cash real estate out of state in the coming months, than to continue purchasing property here in Denver, CO, because according to my math and the BP calculators, high interest rate debt REDUCES my CAGR on many real estate investments with conservative growth assumptions. 

Sounds like a fun math problem.  

I'm invested in Clinton MA and looking into Fitchburg MA. The

My biggest advice is to do your homework like you are now... and to be careful who you listen too... whoever gave you that info clearly is not a real estate investor... 

Definitely do the homework and even in the past 4 years the code has been revamped and been has become more restrictive as more STR have launched.

Do the math with both scenarios & see what yield you would receive.

Satisfiers tend to be harder on their living quarters, have more personal problems, depend on others to fix their wagons more, generally base judgments on hunches and beliefs than anything resembling math, and they will always tend to hand over the rent later than maximizers.

If so, this would make my math much easier.Thank you everyone.

Talking to lenders and doing some math should answer that question soon.