Holding a license requires fees.  

@John Jacobs I require my borrowers to have policies that cover replacement cost. 

My suggestions:* Requiring code compliance and safety equipment is absolutely valid and should be part of the regulations* Requiring owners live within 15 miles is not necessary since poor hosts whether they're local or distant will violate the 3-5 warning system and earn a suspension.

It all depends on what your requirement for cash flow is.

I finished all the degree requirements only to discover I was extremely burned out and had to complete another year of electives to satisfy a minimum number of credits at that university.

2) Their contractor must be properly licensed and insured and we require copies of all this.

(larger would require fire sprinklers). 

They're safer, easier to use, and require less maintenance than wood-burning fireplaces. 

My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).  

Detroit requires strong local relationships to navigate things like neighborhood nuances and property management effectively.