My local municipality is changing ordinances to be far more restrictive, and I notice a number of houses up for sale that were STRs.  

I would give it some time for lenders to catch up on this type of property.

Call them and ask to talk to someone as you are looking to buy and set up a relationship.

Rents will go up.

Keep in mind I am servicing my own HML s  PS Its great you come on here and communicate so the rumor mill does not go wild.

I grew up in Lexington.

Long story short, ended up buying the property after getting to know the owners who were cleaning up when I went over to ask them permission to cut down the leaning branches toward their roof.

I am wrapping up rehabbing my first property by myself in DC and getting confused on how to price it, It is a townhouse 4bed, 2.5bath in NEI am hoping to rent it to someone with a housing voucher covering 90%+ of the monthly payment. 

The smaller properties are still growing in terms of prices and rents - which have both gone up actually since covid. 

Quote from @Clayton Silva: Quote from @Jeffrey Blackman: Quote from @Clayton Silva: 2nd position HELOCS on investment properties are typically capped at 70% LTV and have rates ranging from 9-11% just a heads up unless you use a local credit union where you have cash on deposit with them.