I often see Norristown as providing a unique opportunity for Pennsylvania and out of state investors alike.

Medium-term rentals is a made-up term with no legal bearing.Then there is the insurance industry’s definition of short term / vacation rental which is uniquely defined as anything less than 6 months.I think the reality is none of these terms have any universal meaning.

Covid-19 has changed life as we know it for sure, and that is the reason why so many companies and services have developed different and new ways to provide the best to their clients even when it means walking on a new path, considering options that weren't on the table before and being more flexible on the processes.

Pros for Yale are: You can add unique codes on the fly from your phone with an app.

I used to work in STR management before becoming a lender and now I have A TON of unique loan programs that fix and hold/flip investors use daily.

Bring the deal to the table, fund the deal, have the knowledge to guide the deal, or be the person who quarterbacks it and makes sure all the parties involved are doing their parts.

I want a partner to bring the 20% down payment to the table while I do everything else.

More experienced borrowers get higher loan leverage (bring less to the table) than lesser experienced borrowers.

Investors can come from different States and depends how much they can put on the table.

I would be cautious at these levels and look for deals or at least have some buffer in what you think you can pull in based on occupancy and current nightly rates.A unique property may give you a leg up over competition.