If you want to look at a REAL case of a town crack down on STRs, look no further than Asheville, NC where they made a permitting system that is almost impossible to obtain.

When you have properties selling for 500, 50k, and 150k all on the same block, market approach becomes impossible. 

The 1% rule has been impossible in Nebraska so I ventured out 

First thing would be to ask the lenders if they are talking about a conventional mortgage, as that is the lowest rate but likely the most difficult and longest qualification/application. 3% would be almost impossible unless you bought-down the rate with a bunch of points and than you can get close.

I was trying to move into a larger multifamily but the market is next to impossible without experience and connections.

It is not impossible to find great tenants especially if you are an above avg landlord.

Once you cross that line, it becomes impossible to turn it back into a strictly business relationship when something goes wrong.

You might find it difficult (but not impossible).

Before you realize it, rent has stopped coming in, they are not responding to communication, and now you start the eviction process, which in places like CA and NY, is darn near impossible to get someone to leave. 

Even when things looked almost impossible with the bank, we pushed It to closing, and we’re pleased.