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...

Yes the accent was very strong back then 1980's, but the plain clothed cops were great.We eventually sold that student housing property for a huge profit JUST before it was outlawed by a code change, a GF of a friend worked in the city office so we had 'insider trading' info on the soon to be legislated laws, so we sold it up & running with great rental income. 

High rent to lower acquisition point is a huge factor, but please don't ignore all the other factors - net migration, income growth, path of progress, job diversity, legislation, taxes, personnel in the area to build a successful team....etcI heard on a podcast the other day that your internal team is like your golf swing and the area you choose is the golf club you select. 

Another reason I love Indiana:http://iga.in.gov/legislative/2019/bills/house/1347