I personally see it as a positive - now I've got a cheap house in an expensive neighborhood as opposed to an expensive house in a cheap neighborhood.

Jeremy, residential lenders (as opposed to commercial lenders) typically use 70% of market rents as opposed to using the leases in place. 

And there's plenty that I can handle myself as well which would cut costs as opposed to having a contractor handle every little thing.

And have a rent ready house. as opposed to my gutted property which is going to cost at least another 15k to get up to standards. it’s a no brainer play to me,  but I purchased it for 42,500 and I now have it under contract for 58,000.

By broker I mean someone who represents the consumer in evaluating different policies but doesn't actually sell the policy, as opposed to an independent agent who represents multiple insurers and sells the policy to the consumer.

I know I'd have no problem taking a loan out for general purposes but the max terms are 60 months as opposed to 180 with the "home loan" option. 

Why are you opposed to getting one?

Being within reasonable distance to a city, restaurants, HEBs as opposed to walmart, domain, gyms, ect. is generally a safer bet. 

As someone who's worked with many contractors, this is a for sure way of making enemies with contractors as opposed to them becoming your allies/friendsContractors will despise going out there on site knowing that you aren't the decision maker and have no plans of actually conducting the work he's giving you the bid for.

Hopefully we are able to all gather our resources to oppose these types of legislation.