Even if this change does happen, great news is some towns such as Sedona- the local governments are going on record stating they will "grandfather in" the operating STR's.

A thorough evaluation will help you identify potential risks and make informed decisions about whether a property is worth investing in.Here are some key factors to consider when evaluating a distressed property:Location: Location is one of the most important factors in real estate, and it's no different when it comes to distressed properties.

If so, this is just a real estate loan, and it would typically be recorded in second position behind the first position purchase money, if allowed by that lender.

If not, it may be worth it to pay them a small fee to walk through the property with you and provide their guidance/expertise.

This matters because your tax transcript will either show it or not on your record.  

4) Outside of the deal itself, what other considerations relative to the investor are you taking into consideration (i.e. track record, credit, etc.)

CC&R's are a recorded document and in Maricopa County can be found by searching the County Recorder's website. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

A costar subscription is north of $30k, so probably not worth it. 

It also drastically brings down the Net Worth ROI when you put 20% down vs 5%.