Nashville & National Short Term Rental Shifts

[Chase Beasley]

I have been following the Nashville Short Term Rental Phase-Out Bill closely as I have been looking to invest in a buy-hold property to cash-flow using the short term rental companies (AirBnb, Vrbo, etc.) I am becoming concerned over the legislation specifically, in this market, as I would not invest given the bill passes but nationally as well. I am concerned that should this pass, other cities may follow suit (not all but some). 

I understand Texas State Legislation has denied the bill but I was wondering if any other members within cities in the Southeast are privy to the phase-out picking up steam in their area?