Maybe if the land was given to you, and the insurance and taxes were very low, and it was right on a body of water?

How do different governing bodies classify this differently (bad government jokes ahead)?

This means that only a governmental body, like a state attorney general, can sue over HIPAA.

I always make sure that my STRs would work as decent cash flow LTRs to cover the worst case regulatory scenario.  

I negotiated the financing, secured the permitting, worked through the regulatory process to get the conditional use permit, GC'd some repairs, and operate the company that is the tenant that pays the debt service, taxes, and maintenance.

A primary driver is uniformity of community, the next in most cases is connected with our development funding and approval at a regulatory level. next is market factors, for example a certain area that HOA's are the norm or the expected for a certain price point.

No body better than person in the mirror. 

Operational Costs - Costs like property taxes, insurance cost, state income taxes, regulatory costs (ex: time and cost to evict), inspections, rent control, etc., have a tremendous impact on your return.

I think the OP meant 'regulatory taking' where the Govt does not take the property as in eminent domain, but restricts it's use, violating property rights.

When you buy a property in Seattle, you also buy the regulatory environment.