Outside of my insights from data, there are a few things I'd like to pop in here to hopefully take this conversation in a direction that helps us all learn from this and grow in our businesses together, elevate the industry together, find a path to co-exist where each business contributes to the overall industry growth... challenges the other to innovate and create fresh new solutions for customers to win big... and leads towards our industry getting stronger not weaker. 

I see a problem with a lot of saturation in that area, and I can imagine that it is very difficult to stand out, and anyone that does operate one of those condos, would you do it again, or would you try to get a house next time? 

These "investments" were pure speculation driven by a set of economic conditions which no longer exist.

I *think* I'd like to set up an LLC to house the STRs, but I'm struggling on the implications of single-member vs multi-member.

The only way to get a standard conventional loan is with US credit, US tax returns etc...Unless you hold funds in a US Bank already and they gave you an in house loan or private loan based on assets.  

In recently decades municipalities have passed lot minimums that render a huge number of the existing lots unbuildable, so they have had to accept grandfathering in a large number of the older lots.

House hacking a 4 plex is a great way to get started.

I've seen new houses built in 7 days from the day the foundation was cured but there was tons of planning which isn't counted. 

Once you go commercial, the loans are a lot more negotiable since they tend to be portfolio lenders and hold the loan in house.

Naturally we push the limit to the point that the Housing Specialist might request a small adjustment to meet the calculations.