Experience and practice helps of course.

What are the special regulations that I need to know in order to flip houses?

Revenue potential for cost and potential STR regulations will be prioritized over a long distance value add.  

If your unlucky enough to invest in these areas your “wait” for a rebound might be quite a long time - or forever.  2 - Governmental Regulation  - Rent control, rental use regulations, property taxes, zoning, etc.

I understand your point but but strong language like that, combined with the overexaggerate of the news and their storms of the century that actually never happened put out a little bit of a unnecessary fear out there , I get it tho , there’s some truth and practicality to it , I must admit the high insurance costs and hurricanes have caused me to rethink the investment location, but I’m not gonna tuck tail and run in fear quite yet because who really knows if this is the new normal, and even if it is people live and invest in Florida coasts  because it’s Paradise for most of the year and they love it and accept the risk . 

@Lena CastellanoTo prepare for your first real estate purchase next year, explore house hacking options, research rental regulations, network with contractors and investors, practice deal analysis, join local REI groups, and connect with agents.

Happy tenants are more likely to renew leases, reducing turnover costs and vacancies.Legal Compliance: Property managers ensure compliance with local, state, and federal laws, including regulations on rent control, fair housing, tenant rights, and eviction procedures.

You'll need some practice, and to slide the scrap piece around tapping as needed, you'll also need to replace the scrap piece most likely after a couple hours of uses.- Most annoying - there could be a slightly crooked or twisted piece from manufacturing that you didn't notice and then installed and threw off the whole floor.

It's good practice to let the tenants know you will be working on the common areas so they don't think it's a complete stranger or someone spying on them.

I’m particularly interested in house hacking as my first strategy.I’d love to understand more about what to look for in strong investment markets, practical tips for house hacking, and the financing options available for first-time buyers.