Most importantly with income-based loans, they have 4 parts to them that enable your ability to qualify as well as your purchasing power: Income, Assets, Credit, and Debts.- Income - This is how much you make and how you make it.

No idea who’s behind it but there’s currently a bill in the Ohio House (HB 563) that would prevent local governments from treating STR differently than LTR. 

We ended our relationship and tried working together to keep the properties active, but over the course of the next year one of the properties needed some minor fixes which I put up the expense for, and the whole time our ability to communicate, and make good decisions about the properties continued to degrade. 

While the Insurance companies are reviewing this, I would give a careful read to the Bylaws and Declarations of the Condo Association to see who owns what in the building (decription of the unit for the boundries, definition of common elements/limited common elements, etc.) and if there are any clauses preventing one owner from going after another owner.

I like it as the returns are potentially strong, the business model is simple, and the ability to source cheap funding these days is high.  

@Simon Huber- Hypothetically yes, however, you will also significantly damage your credit and ability to get another loan in the 7 years following that event. 

The ability to operate a business, manage people, handle customers, market, sell, form strategies, etc are necessary for success.

IF you want the ability to possibly sell 1 (or some) at different times that has to be outlined & approved at the time of LOI.

Someone whose businesses are as numerous as DJT's has the ability to state whatever they like, knowing that the IRS lacks the resources to untangle the mess known as DJT's returns.

For a person who doesn't have the cash on hand, or the ability or desire to have a mortgage on a property that expensive, this is an awesome way to make substantial monthly cashflow.