Normally, I would agree with you on that statement. 

I live in Massachusetts and I'm looking to cooperate with other investors for buying a multiunit building. 

There are a lot of loopholes the city can use to keep people from doing a STR.For example, an up/down duplex.

This investment aligns with a broader strategy to maximize returns in the growing Drexel market.

Hello,A job relocation to San Francisco CA early this year is making me ponder if I should be selling my owner occupied duplex in Jersey City and buy something in Berkeley CA due to its proximity to San Francisco and has some fairly decent schools  for my kids and also UC Berkeley .The low  2.5% interest rate on the Jersey City property turned into a golden chain but I think I am done with managing tenants and property and would like to get more into an Equity play.

Initially rented to long-term tenants, it generated modest cash flow of a few hundred dollars a month with a 4.25% rate.

It also sounds like this is a newer venture for you so unless you have a key partner with experience banks will also factor that into their loans. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Property taxes and insurance can vary wildly depending on the location in SC - there really isn't a rule of thumb or generic figure that can be used. 

If you sold it for $75K the buyer would get a 15% return.Here is a screen shot using your calcs at a 111 month remaining term:Hope this helps!