Determine market rent upon renovation. 

DSCR won't work for us because given the rent roll we would only be able to be at 65% LTV, and we are looking to be at 70%-75%.

I'm currently in a rent to own house we are moving out of and will be renovating and renting.

Quote from @Ava Myles: I have a unique situation: I have rented my apartment from a friend for a few years now.

But to answer your question why you still see so many active STR's on Airbnb in a restricted area, it could be a couple things: It could be a "hosted rental" meaning the homeowner is there and is just renting rooms on Airbnb.

Recently closed a deal with a client that was a 3/1 single family house for $120k and they're renting it out to section 8 for $1550/mo!

We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.

Without it the lease would remain between the previous owner and the tenant, you would not even be entitled to rent...

Someone from Stay Hikaru reached out to us inquiring about our Tampa property.  They are a corporate housing company. Does anyone have any experience with this company? Here's the link to their website: www.stayhikaru...

For a bit of context, my wife and I recently moved to Tennessee and after renting for a bit we are just about to close on our first property.