Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.

If they do not qualify because of poor credit or income issues compared to being self employed etc there are differences - but typically people don’t qualify due to poor credit and people will seller finance to these borrowers thinking they woke up at a holiday inn and got a finance degree when in reality they repeat their past mistakesRemember the definition of insanity is doing the same thing over and over again expecting a different result

Plus, Tennessee is a landlord-friendly state, which makes it easier to manage properties compared to more restrictive areas.There’s also a growing community of out-of-state investors looking at Memphis because it offers a great balance of affordability and return on investment.

I would also highly advise to spend 30 minutes and do a rent survey yourself and find comparable units and see what they rent for and charge.

Condos will be your best option when compared to co-ops because only about 15% of co-ops allow subletting.

Then compare that with your normal 30-year fixed.

Basically if there is no "living room" and there are no comparable properties with similar square footage and bed/bath count in your area the property becomes difficult to comp or sell and lenders will not be able to use it as collateral for a loan Excellent point.

Quote from @Danae Pitcher: How is everyone seeing the holiday bookings this year as compared to last year?  

Ponts can be built into your rate as well so compare notes with more than one lender/bank.   

It's very expensive compared to other property manager.