I also route buyers away from neighborhoods where I know there is subtle resistance, such as a few pockets in Scottsdale where homeowners have planted "Homes Not Hotels" signs in their yards.Having said that, there is a lot of hoopla around regulations, but when it comes time to make changes, cities have only imposed minor inconveniences, such as registering your rental to ensure you are paying transaction privilege tax and posting the name and number of a local contact who can be on the scene to respond to any noise calls made to police.Whenever there are any campaigns to limit rentals, STR owners show up at the state house to defend their property ownership rights, so regulation attempts have been limited to the kinds of overlays I've mentioned above.No one wants major party houses in their neighborhoods, so choosing your tenant type wisely and setting your STR up in a way that doesn't accommodate huge crowds is a hedge against attracting unwanted attention.As far as price points, while there are a few condo complexes that allow STRS, the majority of STR buyers are purchasing SFR with pools to maximize their revenue.

Happy to say that it has been working good so far for the last 4 years, except during COVID19 times, as we know was a bit rough..ATM I am holding just 4 SFR around Toledo, and looking to expand it, considering buying another 4 units, weather is single or duplex or triplex.I used to work with a contractor, however, he went AWOL and little to say, I haven't been able to find another one, same goes with my accountant, which I am urgent to find one.Being an out of state investor could definitely put a bit of a tricky situation if you try to build a portfolio, however, if you live at the place where you are investing, that could save you tons of money and time.

Did not ask for a co-sign, but they had a lot of money in the bank to weather the storm if there was one $75,000.

Hi Buck,Just some of my random thoughts,Resume Speed Iowa probably not, Anahiem Calf, maybe.Is this an area where people want to live stacked one upon the other, or would they rather 'Spread out".Who will be your renters, local working people or Section-8, and how long will it take to lease up to stabilized where you can get a long term financing in place.What if Lease up to stabilized takes longer--how long can you "Weather the storm financially".What about lead paint, asbestos, lead pipes, etc...Does your estimate include a realistic bid on the electrical upgrade as apartments will probably require more electric amps than the hotel rooms have, and is that available from the Power Company, or will they up charge you to run extra service from point X to your address (if it's available at all).30 years abandoned, I assume the blacktop is pretty much rubble and will take a full replace.Hotels have long in wall A/C units, 2 bedrooms will probably require mini-splits.

Consider local attractions, the weather/seasons and recurring events (e.g. festivals).

We may take another look at this as the weather turns warmer.

Dual flush toilets for example, insulation, weather stripping, etc.

Not only would deals be easier to find and secure, but you would also be taking less risk as you can weather different issues financially as they arise.I would recommend learning about personal finance from the BP money podcast or Graham Stephan on Youtube.

In your examples, weather was to blame.

The BILLION dollar Settlement for Surfside is probably playing a role as well, but yes the weather (hurricanes) and legal shenanigans have snowballed into this current market.