There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

All existing STRs with 2 days rented in the last year will be granted legal non-conforming status.  

If using a private/HML loan for the first part of the BRRRR, you'll want to understand the terms and conditions and timing so that there's not an issue when you refi.

The worst part is they refuse to help me get the account back, quoting their terms of service and stating they are not liable for any issues with my account. 

I wanted to get your take for the Bristol TN area.Thanks in advanceChris Your biggest issue would be having available options after a claim.

Should I be concerned the bank may have issues with this? 

If the purchase is done in cash, as you mentioned, they’d have more flexibility, but they’ll still want to carefully consider the tax and legal implications of the subsequent sales.I hope this helps, and good luck with your client’s deal!

I would not do this, if you don't look at the property you might buy something with a bunch of unforeseen issues.

Or this is a non issue if insurance coverage is not taxable.Many other thoughts and input.

Double check your lease, all the legalities and still check with the landlord....