I have seen most of what @David Roberts mentioned, that is a really good list of things to look for.I started using a PI to investigate all of the applicants.

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

The little bit I have learned about the competition is that these are people putting a down payment of over 50% making it a cash flowing property for them …but I will investigate more.

Most Brokers would rather let you go than face an investigation.

Probably you get to fill out online form for your records, but don't expect anyone to investigate it or show up to take a report.Think about all the current or recent STR owners.  80% probably have the same idea as you to turn those STR to MTR if they can. 

They got your back when it comes to law enforcement, investigations, and emergency response.

if my client or myself was in a similar situation my advice to myself and my client would be... if the situation is truly calling for you and your family to be in a better living situation and if you have the capital to purchase a townhome and it doesn't put your financial family in a financial stress, instead, if it provides you with the opportunity to reducing your living cost and gain equity as well and provides you and your family with the comfort you need, then it may definitley be a choice you may need to investigate and contemplate a bit more... but if you can hold out a bit longer and find that deal that could provide you with the ideal set up with a 2 family home and renting out the other side etc, the only positive about this situation is you may have a similar set up in terms of finance compared to the townhome but you might be gaining a bit more equity without you putting your hard earned money into it due to the tenant paying a portion of the mortgage...It's definitley something to consider, and take into consideration theres news mentioning rate cuts for 2024, which it might be able to provide you with better profit margins for an investment or an even a lower mortg payment for you townhome!

I listened to an in depth investigation on the flood program just recently. ( see NPR) National public radio.

I suspect you may want to investigate this.there have been many in these deals that don't share your experinces..

I may take a trip up to Buffalo to investigate it further.