These types of laws are also called "anti-deficiency legislation."

Over the last several months Sedona residents, who feel their town has been overtaken by STRs, have been outspoken in their opposition...and have gotten the attention of the governor:https://www.azcentral.com/story/news/politics/arizona/2019/08/22/arizona-lawmakers-revisit-short-term-rental-law-governor-ducey-airbnb/2089887001/https://www.azcentral.com/story/news/local/arizona/2019/07/25/sedona-residents-challenge-rep-bob-thorpe-over-vacation-rentals/1811064001/While any legislative crackdowns seem to be directed toward corporate "party houses," individual STR owners in Sedona, especially, could get caught in the crossfire.Cities in Metro Phoenix like Scottsdale, on the other hand, are more diverse and dispersed in terms of STR locations, so we have not seen the high-volume backlash by residents that Sedona has experienced.When you are deciding where to invest, check local news sites for stories on vacation rental legislation and policies.

There’s an interesting legislative history— initial drafts were much more friendly to housing providers, but HUD threatened to withdraw its Fair Housing enforcement funds bc it would not be “substantially equivalent” to the Federal law. 

But you can bet deposits will go up unless there's legislation to stop that.

My primary residence is near downtown and I am watching with a careful eye the developments re: AirBnB legislation...

And not being a lawyer or legislator myself, it seems that this could have been drafted in a much clearer way.

We could talk about it all day long, bring light to the situation, have legislation passed, but in the end nothing will change the minds of those folks you might be talking about so all of that won't ever help any one to succeed.

It will be found in Insurance company stocks and healthcare service startups and the venture capital firms that buy them with big IPOs this year if the health care legislation that forces everyone to become a paid customer of insurance companies goes through.

I spend about 5 minutes to find these links:http://www.law.siu.edu/selfhelp/info/property/Landlord-Tenant%20Rights%20in%20IL.pdfhttp://ilga.gov/legislation/ilcs/ilcs2.asp?

Prior to 2011 (moreaccurately October 2015), it would have been illegal to asvertise over the Internet, or anyplace else to "come one, come all" into a Crowd Funded deal for a profit making venture in the same way not-for-profit groups beg for money (again off, or on the Internet)In 2011, President Obama signed legislation making it legal to raise money over the Internet, subject to SEC approved guidelines.