If you go into A/B Class the rents are going to be too high to justify doing section 8, meaning market rents are higher than Section 8 is able to pay.If you go down to D Class areas you're going to attract terrible tenants and it will be a nightmare. 

These areas are super attractive for investors.It's not hard to see why. 

If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.

So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.

Quote from @Greg Scott: LOL  Very creative.It could produce a windfall, or perhaps, massive IRS penalties.  

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

I want to work with great people, build long-lasting relationships, and help them grow their wealth while doing what I love.Here’s where I could use your insights:Raising Capital: What’s the best approach for attracting investors who are interested in partnering on real estate development and redevelopment deals?

STRs generally produce more income than LTRs, but they are more work.

Build a strong brand, leverage content marketing, and establish a personal brand to attract investors and build credibility.

Not only does it hurt the returns, it is a very attractive target for ambulance-chasing lawyers and title fraud.