If you have a Short Term Rental in Missoula, or know someone who does, the city is planning some pretty significant changes to the regulations, including limiting their numbers, multiplying the fees by 7X, and many more.

Or perhaps it speaks to a really strict screening criteria.

You may choose to avoid the entire west coast due to rent control, heavy regulation, or Tenant-friendly laws.Look for cities with projected growth, affordable housing, and the kind of tenants you want.

I'd love to be on the opposite side of that.One thing I heard from a real estate agent is that some of those guys have already pressed the button but are going strictly off-market to prevent people knowing their selling publicly and to cause that glut. 

.: If you have a strict policy, you should hire a PM that operates accordingly. 

Agree with the others to look at the regulations and the numbers for both scenarios. 

That’s because the down payment amounts and loan qualification criteria are usually less strict than with conventional financing.FHA 203(k) loanA 203(k) rehab loan backed by the FHA allows a borrower to wrap the purchase price of a home, plus any needed renovations or repairs, into a single loan.

Keep milking it as long as you stay of the radar with the airbnb vs rules regulations of the county and condo association.

It was frustrating to get outbid on so many deals the past few years, but we are grateful we stuck to our strict underwriting because we really have no concerns about the next 24 months.

If I can get either a ready to build lot or small place with land at a good price, with fairly low regulation zoning requirements, there should be a healthy profit margin at 3-4 STRs...