While it's a great spot with a ton of tourism unfortunately, it seems the hotels view STR's as competition and have helped to encourage the strict regulations.

The lack of them on listings for homes about $500K is pretty astonishing, and a lot of rentals they are non-existent. 

Adhering to the procedures laid out in the operating agreement is what you rely on to be viewed and treated as a business rather than as an individual.

If you open yourself up to all points of view before rejecting them, you will set yourself up with a better foundation for success.Agree?

Popular neighborhoods include Lakewood and Casa View, but larger multifamily properties can be expensive.

Google maps satellite View showing only 1 of 3 buildings is up.

As you may know being local, SB249 is the bill that came up as a defense against towns like North Conway trying to shut down STRs, but it ended up in zombie state due to the sheer nature of diametrically opposed views on the matter and Governor Sununu’s push to do better than what the bill ended up proposing.Some details here: https://legiscan.com/NH/bill/SB249/2022As with all areas in New England I encourage investors to start thinking of oversaturated STRs markets as expense offset versus cash flow properties.

In my view, the only people that can self-insure are ones that bought a long time ago at low prices so that they can recoup some value if a tragedy hits. 

Hope this helps and provides a different view point

I've been buying and holding for SFH's rentals for 15+ years, but my goals now are Cash flow (70%) and Appreciation/Equity (30%) so I can invest faster/grow more in shorter periods of time.I ran this: View report on BP as a really rough test for investing in this property (3-plex, but also offers an attached 3-plex for consideration).