We all know how things can change. 

NYC apartments will have a different car requirement from Orlando, but he used that methodology in this specific small city and was an investor from the 1980s-2000s, so a lot has changed, but I believe there is still some truth to it.

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

Change your story each month as different stories will resonate with different people AND use each story to emphasize one of your “who do you know…” questions.

The short-term rental market here is particularly lucrative, though regulatory changes can impact profitability. 

If you’re positive you can get in and out fast or refinance smoothly, maybe it’s a tool worth considering.

Very fast turn around.

If you are talking 100+ unit apartment complexes, then I would change my tune a bit.What is more important than the actual market, is the dynamics within that market?  

One key factor to confirm is whether the STR permit is transferable, as regulations can change.

For example, Schwab, massive changes including what I consider bonkers high interest rates.