Though I think the fundamentals are way stronger than in 05-08 days because of the regulations and underwriting scrutiny, that doesn't mean they are immune to a correction.

@Jay Hinrichs   I am in total agreement that buy and resell is what all the regulators want.In Texas, the problem is a little more complex. 

@Alan Grobmeier government regulations make building starter homes in many markets not feasible.Take our market in PDX I am building 23 lots right now.. we pave on Monday.44k per lot to develop them  does not include soft cost of 5k a lot for eng. and permits. so say 50k and they are shovel ready... and this does not include the cost of the dirt .... now building permits are 30k per house.. 

Keep in mind that each of the three are regulated differently and that contributes to the various programs available by each one.

@Daniel Madsen  Permanent Resident Aliens(green card holder) can get conventional and government financing options.  

They don't, they government just let's them keep printing 10X what they hold.Seems like a lot of wasted time.

Many county's are actually REDUCING Millage rates, as property values have risen so drastically that their coffers are full beyond any previous records...Can You beleive Government NOT being "greedy"..they can't SPEND any more!

I should explain that our little outfit has been investigated in the past by the federal government, due to our own stupidity, and so we also cooperate extensively with a few agencies today in our operations.

Pros:- Guaranteed rent direct deposited to your checking account each month by the U.S. government (and they are never late)- HUD publishes the fair market rent increases every year so you can ask the section 8 office for an increase in rent and as long as it is within reason, it is normally granted. - It is hard to find landlords that accept vouchers (in my city the waitlist alone is 200+ families) so people are more likely going to want to avoid getting evicted once they find a home.

Curious if anyone is seeing suburbs of major metro's develop STR regulations anywhere else in the nation?