We record these regularly and have protected more than one property.

Also check to see if fees have been more or less regularly increased over the past 10 years, or if they have been essentially unchanged.

By time you figure in the added expenses of mid term rental and potential vacancy/turnover a regular rental at slightly lower rate could also work out the same. 

Account Closed points out, many folks are holding onto their regular W2 jobs.

@Alex Wise, also because of the increased inventory in most markets due to"regular" homebuyers no longer in the market to buy, higher interest rates can be off set by motivated sellers accepting below listing prices, paying for closing costs, and paying for points to provide the buyer a loser rate.

Should BORROWER default in the prompt payment of sums due LENDER, LENDER may immediately proceed against GUARANTOR, and shall give written notice to the GUARANTOR, together with an accounting of all sums due as to which BORROWER is in default, by regular or certified mail.

I don't know what a regular SFH sells for in that market (I just know the COMPS you said about other townhomes) but if you can buy lots of homes for under $100k I would think that people that can't qualify for a traditional mortgage may not have the 3.5% for the down.

That third unit needs to be a regular dwelling unit (and comply with related parking) and can't be a companion unit.I understand what Tyson's saying about intent of the state-level ordinance, but that's not how the San Diego ordinance is written.On the financing, I've seen no distinctions between companion units and dwelling units.  2 dwelling units + 1 companion unit = successful conforming refinance in my experience. 

The commercial guys call me regularly.

The local police department know this property as drug central and violent domestic disturbances on the regular.