@Rania Mutumhe If you are trying to finish and rent out your basement, then there should not be any regulations stopping you from doing that.

Are there any regulations to be aware of ?

Do you happen to have any preferences when it comes to which jurisdictions have "friendly" Section 8 regulations for getting a property approved?

I know that every state can have their own laws and regulations.

Castle Rock actually doesn't regulate Airbnb or shirt term rentals, so you're good there (as long as you're not in an HOA).

But how many people actually run a tight perfect ship in compliance with every single law, rule and regulation?

Tips for House Hacking and Rentals: Local Regulations: Even in landlord-friendly states, local ordinances can vary.

Going outside the city limits is a good work around that works in markets that don't have county-wide regulations.

I will look it up to know for sure but I am now guessing it has to do with ways to regulate how investors buy properties from homeowners by stripping the equity in order to buy at 50/60 cents on the dollar.

Check the Lease Terms: Ensure the lease clearly outlines responsibilities and terms.Background Check: Verify the renter's legitimacy and experience with short-term rentals.Insurance: Ensure your insurance covers short-term rentals.Local Regulations: Verify local regulations for short-term rentals to avoid legal issues.Exit Strategy: Understand what happens if they terminate the lease early.