Places like Clearwater Beach that had existing laws can keep the law but cannot change it.Orlando has some communities built where they were built for investors/second home owners in mind to use and then rent out most of the year. 

What better and easier way to do that then get these stupid laws passed.OK, rant done.I agree with Ann on some of the issues she raised, keeping in mind that some of those laws/rules only apply to owner occupant loans, not investor loans, however, lending in your own area where you know your market will help keep you safer, no question about it.As for not having to market for borrowers if using a broker, I would have to toss this out - you will be doing a lot less business if you rely on brokers to find your borrowers.

Sure they can make it work but the problem with dealing with a boutique business is that often times if the owner is sick, going on vacation, going through a divorce, not licensed or their kid's sick the business shuts down and so does your offer.

@Jacob AnstaettEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

They are all now owner occupied.

In my opinion, when an investor uses alphabet classifications, B class should be areas that are above median value, median income, primarily owner occupant and in financially stable areas.  38127 as an area is primarily below median value, income and primarily rental properties and definitely an area challenged for economic development.With that being said, houses in this area are not valued at $170,000 to begin with so expecting $170,000 in appreciation is not practical. 

They just have issue with us having a way to protect our investment by getting the deed if the property owner chooses to not redeem.  

Homes rarely sell as quickly as their owners think they will, even when the owner is sure the home is priced perfectly.5.

Doing it this way allows you to ease your way in and costs you less up front - down payment for an owner-occupied property is much lower than an investment property, you may qualify for down payment assistance and can even use funds as a gift from a family member if that's an option. 

Property owners have operating expenses that are rising just as fast as everything else in society.