Real estate investors are attracted to medium-term rentals to gain the benefits of extra cash flow versus long-term rentals while avoiding regulatory risks, high turnover, and intensive management of short-term rentals.While many investors are now turning to medium-term rentals to build their portfolios, the lending world has unfortunately been a little slow to keep up.

Thanks for the response and I will talk to you soon!

Its been standing for the past 30 years and I did not notice any concerns with settlement, etc. 

My wife and I are exploring western NC as a possible STR location.

If you are primarily a lender you can't really contract your way into another position and avoid that lending position.Other issues come up when a lender takes a management role in the operations of any borrower.

Everything Brian mentions is accurate, and I will follow up with for most investors it is trajectory of growth over length of growth.  

Take your monthly rental income and then subtract ALL your monthly expenses: Mortgage, Interest, Taxes, Insurance, Property management, utilities, vacancy factor, maintenance/repairs, etc...

And I made an appointment with my loan officer this coming wednsday.

I previously worked with a contractor to help with permits and drainage since there’s a possible wetland issue, but unfortunately things fell through between us and I didn’t make progress. 

My real estate agent there says he isn’t concerned with the permit situation in Rome and he invests there himself and manages quite a few of them for other clients as well but I’m not as confident in the government there as he is.