You can specify blackout dates when the property is not available for rent if you wish to use it personally during certain times of the year.Legal and Regulatory Compliance: The management firm will ensure that the property complies with local laws and regulations concerning rental properties, including obtaining any necessary permits and adhering to zoning laws.Maintenance and Repairs: Property management firms often take care of routine maintenance and emergency repairs, ensuring the property is well-maintained and ready for tenants or guests.This arrangement allows you to enjoy your second home for part of the year and generate rental income when you're not using it, with minimal effort on your part.

I've finally got several homes approved by the state of TX that are being built in CA and it's been a regulatory journey.  

Wholesalers can leverage realtors’ market knowledge and legal adherence, while realtors can benefit from the off-market property leads that wholesalers provide.Regulatory MeasuresImplementing regulatory measures that guide wholesalers' operations can assuage some of the mistrust associated with them.

What are some of the recent legal or regulatory changes that have impacted your work?

With the regulatory environment surrounding short-term rentals always in flux, I'd never buy a place using Airbnb numbers.

For reference, your typical setup costs for a true syndication with all the regulatory filings and documentation is likely going to be around $10k or more.  

Trying to educate myself on all the rules that I need to follow from regulatory perspective before the property is rented.  

Legal and Regulatory Steps:Establish an Association: You'll need to create a condominium association and draft the necessary declaration and bylaws (condo docs).City Approval: Obtain the necessary approvals from the local government or zoning board.

I'd add index funds, reits, equity markets have benefit (and overhead) of greater regulatory oversight/compliance providing some protection/assurance for shareholders.

I've always thought that the annual Fair Housing training we always had to take in banks was stupid and almost insulting to our intelligence, but after seeing your post, I would highly recommend seeking out and taking courses on Fair Housing, ADA, and other relevant real estate-related regulatory courses.