A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.

Not following the requirements (within Seattle city limits will likely have additional rules and regulations) opens the seller up to liability.Additionally, the seller always has the option of offering "cash for keys" arrangement but be sure that no funds change hands until after the property is vacated and locks are changed.John

This is actually something I see as a benefit because it shows that the city is interested in facilitating the growth of that industry, and it's much less likely now that they would do a 180 and try to limit usage

And yep, I was made aware a couple of years ago of that 12 person max and/or I think 4,000 sq ft limitation (or some size anyway) that requires a sprinkler system for all new construction.I don't think they're that wrong for implementing the requirement. 

I started studying markets from Cleveland OH, Columbus OH, Dayton OH, Cincinnati OH, Indianapolis IN.

There were challenging grading issues and limited access from the street to bring in utilities.

John has released books & does case studies regularly.

You are currently sitting in Los Angeles's entertainment mecca and Mid Term rentals/30+ day rentals are a great alternative to the STR limitation.

It's also not going to scale as you'll quickly hit DTI limits even if you can get the numbers to work.

If you want to make the opposite case, look at engineering degrees or point to the wage studies that show on average people with 4 year degrees make a lot more than those who have zero college.