I was the backup offer, the seller gave up on missed contingency deadlines with the first buyer, and we managed to attract his attention by switching our offer from $375k financed to $370k cash.I have asked two commercial lenders about securing financing right after we close, and they both give me a straight-faced "I don't know".

It is usually not a very attractive risk-reward proposition as the odds are normally stacked against you IMO.

on one of your post a reply came back that your comparing oranges to Iceberg lettuce and for sure you are when you compare vegas and Memphis.What caused the meltdown in Vegas and PhX  @David Faulkner  well I can tell youVegas relys on gambling and tourism in the crash any tourist city and gambling city got hurtand then for rentals  what killed that market and phx is that a very large portion of your renters were in the building trades subcontractors laborers etc etc.. building came to a complete STOP.. those thousands upon thousands of jobs left.. and most of those folks rented.Memphis is a rental city and has basically always been one with about 50 to 55% of pop are renters.

I want to attract buyers online.Currently, I am observing the real estate business at my friend's office.

And, good deals often attract more than one potential buyer.

Are there any laws or regulations that make it a less attractive place to have a rental property?

Current state: Value 240k, 3BR/1.5 BAUpstairs bedrooms are... 1. 10X12 2. 12X12 3. 12x10 A: Add a bedroom downstairs and bath =4BR/2.5BA Total cost = 4kB: Combine the Current Master and Bedroom  (See picture below) t...

If they placed regulations against short term rentals here the hotels wouldn't be able to accommodate even 10% of the tourists that come here at any given time.

Is it a big tourist place?

I'm not in  tourist type town.