At least people have ratings on the OTA and I can see if other hosts have had issues.

As with any legislation and regulation, there will be give and take as we balance all the issues but hopefully we see this slate of bills scrapped or substantially reworked.

They had found a niche in financing the small mill village style houses common in the Upstate. 

@Zane M.The scenario you mentioned brings up legal and ethical issues, particularly in terms of occupancy requirements for specific loan programs and the possibility of misrepresenting intentions.

Which is interesting, I own two other houses on septic systems and have never received any notices to inspect.From the link that Charles posted:https://doh.wa.gov/community-and-environment/wastewater-management/septic-system/caring-your-system#:~:text=If%20your%20system%20is%20only,a%20more%20stringent%20inspection%20requirement.If your system is only a septic tank and drainfield, commonly called a gravity system, you need to inspect it at least once every three years.

Uses the common rents on the 1007 rent schedule of the appraisal to approve based on rents.As long as you can show a .85% DSCR or above on rents to PITI your good to go on the approval.  

I believe the only new permits currently being issued are on commercial properties.

The leverage issue - My current back up plan if disaster strikes is that HELOC on my first property, so if I use that for a down payment I don't have that back up.

We deal with so many owners that want top rent, but their properties have dated kitchens or bathrooms or other issues.

If you have ample street parking and aren't in an area where the cars will get destroyed by hail, etc. than it is less of an issue.