This is why it is good to do 3 flips for every Brrrr because it will keep your cash reserves healthy for the next deal.I call that the "flip and hold" strategy and think it works really well. 

But even then, the attorneys would need to think hard about what they would do if the Displinary Board decided to get involved.And then there is a healthy debate between the legal community in PA about what level of jurisdiction the Commission has over attorneys to start off with.

The down-stroke is the market is in a less fevered growth rate at this time, which is healthy, but nurf's appreciation a bit. 

Mental health is important and there is nothing wrong with feeling safe.  

Losing sleep for the next year doesn't sound healthy to me, especially if you have other alternatives.That being said, you can always ask the student to provide a guarantor.

People love to make landlords and/or STR operators the "bad guy" and ban the short term rentals (see Boston, Cambridge, Somerville) but when they make AirBNB the bad guy, they (gen pop and politicians) dont address the real problem which is no new construction and major limitations in zoning or redevelopment.There is a way to have both STRs and a healthy housing market, but the problem is everytime someone tries to modify a dwelling or build a development all the NIMBYs pop up and kill it and then complain that rents and prices are going up. 

But cycles happen in all aspects of life and with the case of recessions, they are healthy and necessary.

healthy markets in ALL the major MSA's of the US are a plus..