Favourable city and county legislators can allow pad expansions to increase cap rates quickly. 

EDIT: Answered my own question.Pierce Countyhttp://www.codepublishing.com/WA/PierceCounty/html...King Countyhttp://www.kingcounty.gov/council/legislation/kc_c...So yes, check what the property is zoned for, if it's SFR only then you're boned unless you can get it rezoned but I'm unfamiliar with that process.

All Landlords are welcome, we share information on rentals, evictions, legislation, property for sale and other issues and problems that we encounter day to day.

They are key to keeping legislators up to date on things that impact our industry and are protecting our interests.

But in markets like Las Vegas ive heard from some investors that state legislation is artificially keeping inventory low by slowing down the foreclosure process.

@Mike CumbieI do not know the legislation in SC (only ever rented vacation spots there), but here a tenancy >5-yrs is considered a long-term tenant and they are afforded additional rights under legislation when it comes to how high and how fast you can increase their rent.  

We have to abide by advocates, bureaucrats, and legislators at a local level. 

Who is the initiator of this fine legislation?

I’m not asking if I should convert property I currently own to STR, the answer is probably not because as I have learned from this forum STR only makes sense in vacation destinations where it’s accepted and those cities where restrictive legislation or ordinance hasn’t been enacted, and competition doesn’t degrade rates to the point of no excess returns.So, if you don’t mind sharing, what’s your minimum and your target ROI for an STR?

Good public transport connection with Dart, shouldn't be crowded at this time of the day.We can discuss a variety of topics - starting from our goals and experience to reviewing recent legislation changes...