They cannot arbitrarily make wild gambles because they feel like it - they have to operate within established risk parameters that are approved by several regulatory bodies and internal controls.

The regulatory environment is the first thing you should consider when buying a STR here - it is both the worst and best part of being a CO STR investor.

Georgia is a great state from a regulatory standpoint. 

Storm sewer, storm pond, sewer lines, water access, fire hydrants, public bathrooms, surface coverage, sidewalk or bike paths, setbacks, power lines and right of ways known and unknown, road access, etc. 5.

If it was easy everyone would be a Billionaire and have no issues or setbacks.

I’m no Henry Ford, but I see an imminent convergence of regulatory pressure, existing tech, and the GenAI to bring all the existing tech together to make the full-service brokerage offering much cheaper and faster.To carry the automotive analogy further, there will still be horses and still be Lamborghinis, but most residential transactions will be vastly faster, cheaper, and more standardized in 10 years than today.The part you’re missing is that most buyers and sellers desire consultation with an expert and are willing to pay for it, because they see the value.

Whether it's policies on taxes, interest rates, housing affordability, or potential regulatory changes, it seems like elections always bring uncertainty to the markets.For those of you who’ve been investing through previous election cycles, what trends have you noticed in terms of property prices, mortgage rates, or investor sentiment?

Worst because you really need to have an experienced expert or specialist to walk you through the regulatory environment, as it can vary on a county, city, or even neighborhood basis!

@George JanIn my opinion, there isn't as much regulatory compliance or liability with something like a municipal bond.

You're right that they are expensive, but when you consider the net present value of those dollars, it is well worth the cost (1.5% on the front end then 1.5% annually).My greater concern is from the regulatory side of things.