Also, after 12 months, could I move out and repeat the process in another property with 3.5% down? 

There are a lot of factors that go into the pricing of a loan such as loan amount, purchase price, credit score, income documentation type and property type. 

Have you purchased or looked into any multi-family opportunities yet?

Purchase price: $1,870,000 Cash invested: $300,000Offering a sliver of ocean view from upstairs, plus an ideal setting conveniently close to the area's most popular shops and restaurants, there's plenty to love in this location.

(Sales price minus selling costs minus purchase price.) plus maybe 10% in state taxes. 

After 12 months, you can rent the whole thing out and repeat the process.

. #3 The purchaser of the property and making the payments on this note, (myself) can afford the monthly payments because of the rental income.

Why do you think purchase contracts are so long and have such small print?

Already talked to the Warren County office and they said it's a 3 month process to get STRs approved but in general the process seems to be pretty straight forward if you aren't in a HOA or in town.I have a property in the area that is a smaller 2bed/1bath that does really well and I feel very comfotable with the 3 bed numbers, but once we get to the higher range properties 3-4 bedrooms and properties that I would consider to be luxury stays for large groups, I am finding it hard to make the numbers reallyyyy make sense at a $300 ADR.

All the properties were purchased site unseen on their recommendation & has been spot on .