The other big loser is the investor who thinks they will wait it out thinking there is going to be a  crash of some sort or prices will get better ( this will happen of course to some degree as some sellers panic) but its not going to be a 08 low hanging fruit event if it gets that bad DEBT will dry up and unless your a TRUE cash buyer your not going to get a loan anyway. so in my mind losers right now are Tenants and Investors who get mired in Social Media doom and Gloom as long as debt can still be gotten I I see it every week when our deals pay off and the new rents basically support a decent COC return real estate is the place to be for long term wealth. 

The most restrictive part is that there has to be parking for one car per bedroom, complete ban on parties (although what constitutes a "party" is pretty unclear but it seems they're trying to avoid noise complaints, excessive parking and etc..), and there is a 400 ft minimum radius around STRs as to not interfere with density and concentrations of STRs. 

Either we manage tenants or we manage the manager but we have to watch out for ourself one way or another.  2 months seems excessive and I can get all these things done in a couple weeks unless you are waiting for something specific for the HVAC that is on backorder. 

However, two months after she purchased the home, road construction on a major nearby street detoured traffic through her neighborhood, causing excessive noise.

I guess you could argue that if someone can't find a house to buy, they have the down payment money (if they were to put 20% down) to pay for rent, but without an increase in wages/jobs, and inflation currently eating away at that money, that well would run dry at some point.

I think of every night as either 100% occupancy or 0% and we don’t want 0% unless it’s for upgrades repairs or for a deep cleaning we can’t get in the normal turnover window for some reason like it takes time for carpets to dry or we ozone the whole house.

It will take a very heavy solution of the stuff and it will take time for the floor to dry out.Now we get to the difficult part.

2) It doesn't work because the second you stop doing DMM cold calling etc. etc, your leads dry out.

Randy,you can certainly get coverage in the Excess/Surplus lines. 

One benefit you might get is a tax advantage if you have good w2 earnings, that the excess depreciation could lower your tax liability, but again, this is a modest benefit.