Fix the crime and education problem and the free market will solve the rest ."

Make sure you get an experience realtor that can guide you through the leasing process, vette out any prospects, explain what your duties as a landlord are and what to expect, good bad and ugly.

Hey,So after exploring all the different options I have decided that my best best is to develop a multi-family in these areas.

I’ve been listening to the BP podcast for sometime now and finally decided to go on the website and spend some time here.

Could the rental places through in some small extra by doing the same?

COH has telegraphed this move for months.-- If you're the lessee (and not the deed holder / owner): COH will require written consent by the owner to the use of their property as a        STR and to accept liability for taxes if the STR operator does not adequately remit Hotel Occupancy Taxes (HOT) as per local                         regulations. laws—a responsibility most owners will be reluctant to accept.-- Expect a grace period of two months once the new regulations are enacted into law.

When we purchased the property, we assumed the property was inspected by the town and therefore their heating and other fire requirements were up to code. 

It's the focus of most of our RE podcast content, including the featured episode this week, with @Chad Carson, and @Dave Meyer.Curious - why do you think that this wouldn't be allowed on BiggerPockets? 

This waiting period helps ensure that the loan meets their guidelines and reduces risk for the lender.

I would go with the style that will make your property look the best.