And in condos, you can't differentiate so much with the other units in terms of amenities you offer.3) Regulations: first zoning need to allow STR, then the second step (if condo), is the HOA.

Affordable housing is not something that they have any say in, as it is regulated by the particular state.  

Alternatively, rent regulated tenants can also file a rent reduction complaint with DHCR.

Albemarle county tends to have pretty strict regulations when it comes to zoning and building.

Usually, older mobile homes get grandfathered into any new rules and regulations with the city and/or county.

Keep in mind though Timber is highly regional when it comes to Harvest regulations , Growing cycles , Species  U have hardwood and softwood.

Consider short-term rentals: If local regulations allow it, converting one or more units into short-term rentals via platforms like Airbnb can increase your revenue per unit.

In terms of the loan(s), I currently have a steady and competitive W2 job and very low DTI, however I’ll ensure to verify the rules and regulations for rental income when shopping lenders, so I don’t hit a roadblock when buying the next rental. 

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

Bonus depreciation is phasing out, but a cost segregation study can still help with tax benefits.Make sure to stay compliant with local laws and HOA rules, as regulations are strict.