STR in Unregulated Market? What would you do?

[William Kim]

Hey fam

I'm researching markets and was very intrigued by a nearby city. But a few variables that make me hesitate:
a) it's an unincorporated area of the county,

b) there are no existing ordinances or policies about short term/vacation rentals.

c) nearby cities in the same county are relatively strict. (max # of days per year, only hosted STRs, permanent residence of the cities, etc)

d )County planning department said that it is not allowed on the phone. He also said it is not regulated, and they only respond to complaints. When I asked him if he could email me the policy that forbids STR's, he emailed me the following:
"According to an Assistant Planning Director, we do not have a policy or Ordinance regarding the short-term rental; therefore, it is not allowed in the incorporated country area"
Note - I think he means "un"incorporated county area.

My understanding was that if there are no current regulations - we're good to go. The risk might be that regulations could change in the future, but for the time being - set up your AirBNB away!

Would you invest in a city like this?