I am looking to get something done but maybe best to wait as rates will be more favorable.

In many cases, having these protections in place also strengthens your position during negotiations or legal disputes, often resulting in more favorable outcomes.To navigate these complexities effectively, I highly recommend assembling a trusted team of qualified professionals.

In an ideal world, you'd find a market that checks every box, including favorable tenant laws, low property taxes, and strong population growth.

I'd also want the operator to have a favorable track record in general but also with that specific property type, plan and MSA.It's good to know that the operator is making a significant capital contribution of their own, and not just dumping their acquisition fee into it and calling it good enough.

So if hypothetically the judge rules in your favor, and your unit's allocation is 10% owner of the association, your 10% is a losing party.Also, many condos are non warrantable.

These protections often strengthen your position in negotiations or disputes as well, leading to more favorable outcomes.To navigate these complexities with confidence, it’s wise to build a trusted advisory team.

If you qualify for a conventional loan I think it would be a better rate and have more favorable terms without the prepayment penalty. 

While tourism is important to the city, there are many other industries and I don't necessarily think the ban will decrease the number of tourists and many locals are complaining about the overtourism anyway it might not be such a bad thing if the numbers decline a bit.As Erwin suggested, there are areas that are indeed more favorable for short-term rentals.

Please let me know if I can ever return the favor to you!

Depending on the financial institution you go with, if you were to receive a favorable LTV, you'd still need to consider what your interest rate and amortization rates are to get an accurate view of how much you'll need to cash flow to cover the loan and other expenses.