.)# of Bedrooms (1 or > 4)Market:Decreasing property valuesInterest ratesRent ratio to Selling PriceCounty or local government requirements, high fines, unusual lawsOnerous property inspections or rental requirements (i.e. licensing, sprinklers, etc.)Population decliningEconomy declining, if there's only one or very few employers locally/high unemploymentCost of laborViolent crime rateHigh mortality rateMedical care availabilityPoor business environment RuralBuyer’s market/oversupply

She's now reached out to tell us she can't pay June rent and is waiting for government assistance.Any guidance would be greatly appreciated.

the most highly regulated note and you need to be really up to speed on all the laws that pertain to those.you have commercial paper  NON owner occ.. not much in govmit rules so it comes down to the collateral and the borrower you have first position and second postion.. rates of return on these can vary greatly you want to know the difference.

PS has so many regulations on STR which would limit our upside.

As you start your search, be sure to hire an experienced agent that is knowledgeable in their vacation rental market so they can guide you to areas with rental friendly regulations. 

Can you cite a regulation?

@Hagai Ben-shushan the biggest thing to be aware of is that foreclosures are pretty scarce right now due to the moratorium on foreclosures of any properties with government backed mortgages including Fannie Mae.

Regulations: some townships are starting to regulate STRs and they have very high requirements for the locations.

@David Robinson There were a number of factors that made Knoxville appealing for us.1- Mid/Small size city which we are more comfortable (similar to what Colorado Springs used to be) 2- Newer homes in general (i don't have expertise in the challenges associated with 100 year old SFHs)3- Diverse and growing economy (UT, Government Jobs, and Medical to name a few)4- Affordability (Turnkey SFHs are available in the low $200K in great neighborhoods)5- It seems more off the radar for investors than Memphis and Nashville which means less competitionAs for credit score, mine actually dropped from 780 to 760.

Or just utilize Airbnb's length of stay regulation?