I closed a 32-unit right as COVID hit and still took it from 90% occupancy to 100% occupancy in 1 month (Apr 1 - May 1).Found it off-market direct to "mom and pop" seller. 25% down payment.

If you have one property and it goes unrented then your occupancy is 0% and paying the mortgage is difficult. 

if a city has 500 units converted from long term to str, then the average occupancy is 70%, we have lost 54,000 nights of housing per year.If vacancy is less than 1%, those 500 units of housing could be responsible for a significant amount of upward pressure on housing prices.with the high cost of management for str, wouldn’t the world be better off with less of them?

, I'd ask for water/sewer bills for the last year to get an idea what this costsVacancy factor is low - Even if the actual occupancy rate is 100% for the past year, people do move and when they move, it costs you money. 

Most of the owners of said housing don't look like the occupants 

This equity will be a large part of my next plan.My 1 year FHA owner occupancy requirement is over tonight at midnight, and soon I’ll be fully moved back into my parent’s house for a while after a few more things get squared away to fully use this building to its highest and best use as a rental property that I am continuing to self manage from Tewksbury.

The property is a $2.9 million acquisition with no problems and 95% current occupancy.

You want a legal way out even if you do end up giving up some if not all of your EMSEMD amount, inspection time frames, financing contingency, closing dates, point by down, current leases if any, current liens if any, repair or replace benchmarks, occupancies agreements, material items, closing agent, shared or unshared closing cost.    

Those bring the highest occupancy rates, even in slower times. 

With the growth Idaho is currently seeing, I'm trying to decide if the demand will stay high enough that occupancy and rental rates will offset the purchase price.