Pinellas has a lot of different cities with different regulations. 

You can search "[city name] short term rental regulations"Yes, you need landlord insurance that specifically covers STRs.

Quote from @Ray Hage: @Gene Arrow Unfortunately you are correct, you are still responsible for all the costs of the property. 

It's all about where regulations hit, and in MN that's at city and county levels. 

The requirements describe match those in the zoning regulations. 

I am excited with the new regulations.

Forced equity and cash flow vary quite a bit by the deal, but Idaho is the most landlord friendly state in the country- the state actually just passed a law making it illegal for cities to regulate rent rates or fees in any way. 

Thankfully my state has just regulated wholesaling and you now have to be licensed. 

The regulations need to be taken into account but finding a good deal in these markets is easier than most.

Purchase price: $85,000 Cash invested: $150,000 Contributors: Hannah Holland BRRRR in a small pocket of SFHs that is surrounded by commercial near downtown, therefore our lot is zoned commercial, not ideal for pulling out as much cash as possible, BUT due to Weatherford STR regulations, I am now eligible to STR this "commercial" property.