I work closely with 7 or 8 investors that all specialize in fix&flip as well as "fix&rent" type loans and can help provide insights and rate quotes/cost total estimates if needed!

I know the tools aren't always 100% reliable due to bad data so I'm curious if anyone here as experience with STRs in Albuquerque.It also seems like STR regulations aren't super strict at the moment - need to register for a permit and comply with various rules around occupancy limits, acknowledgements, etc - nothing too crazy.

Well, okay, since much has been written about subject to in the forums (and an awful lot of bad advice) here's some facts1.

I'm not sure AirDNA will help much for mid term rentals.

And, as Nathan noted, you are likely giving up huge appreciation potential, which will likely never be replaced by cash flow.But at the end of the day, if you are in a declining market in LA and are able to find great deals in higher cash flow areas, taking into account the likelihood of needing to outsource everything and additional travel costs to visit the properties a couple times per year, and you don't really care about appreciation, then it could work for you.  

They were not in a position to budge as much as I had liked.

Its really going to come down to multiple factors, including your personal situation/strategy but it appears you are definitely thinking about things in exactly the right way.I'd say since it doesn't seem to be an "urgent" need - I'd advise talking to some lenders and since the rate environment is still moving quite a bit, settle on a interest rate / points combo that is "your number" and when market rates move down to that point - have the lender contact you and get ready to go, and just wait until that occurs

lesson learned is always listen to your guts and dont apoy to much attention to the oether even if they are experts in the area.

Once you've determined your objectives, look for markets preferably close to yours with active job growth, population growth and an economy without too much fluctuation.

I found there's not too much people talking about this idea here so I want to open this topic.