@Marcus Auerbach and Jason , I found this data to be very useful and intriguing.I checked the spread between Income, Fannie Mae Loan Limit and , ZHI Median.Area income: Fannie Mae 1 Unit Dwelling Confirming Loan Limit: ratio$158k->$1,150,000:7.27x (my zip code in CA)$100k->$766,550:7.66 ( zip code 53209 in Milwaukee)so these are expected but lets deep dive:ZHI ratiozip codeArea income:ZHI Median: ratio ZHI to income,current spread ofCAzip:$158k:$791k: ratio: 5.0x : 0.68% !

I believe NY is the poster child...they've decided LL can bear the cost more easily and therefore will most likely prevent the spread if the tenant can simply tell the LL they need it eradicated.

I know it may sound like I'm spreading butter thin everywhere, but I'm learning my way into narrowing down the options, or strategizing/timing them in the right sequence.

Finding a deal that you can get some of your money back can probably be done as people are still flipping houses so there is definitely spread between the fixer purchase prices and ARV. 

It’s what they rely on as their collateral, not your  STR business and the spread you can make relative to a traditional leasehold interest property. 

But, commercial tenants, as was said above by @Greg Scott, can create longer vacancy times and may want build outs done, depending on the area and the prospective tenant.At your price point, the spread on commercial/residential will matter also based on your management expectation.

However it will take time for this information to spread to everyone… I hope the counties don’t fleece newbie investors too badly this year.

But it allows me to keep one bank account and file one tax return, while still spreading out over multiple entities. 

We later sold the property on seller financing terms, asking for $139,000 with an $18,000 down payment, also spread over 30 years.

Have a clear plan for your investment goals, whether that means focusing on rental properties or spreading your money across various types of assets and regions.