- Any major restrictions or city regulations I should know about?

Many PMC tools use Twilio, which seems to have less mass-text restrictions than other providers.

This restrictive definition can pose challenges for co-living arrangements, which may involve unrelated individuals sharing a dwelling.

To guarantee compliance, also acquaint yourself with zoning rules and municipal restrictions.2.

If you do budget that much, the you will easily hit your profit target.There are currently no restrictions in Lewis county and STRs work there, but there is always discussion on them by the city.

It should be noted that the cases were prosecuted against companies that owned and sold thousands of properties nationwide, not against small time operators, but anyone who attempts to follow the model is better off hiring a well versed in the subject matter attorney and be aware of state specific restrictions (like in NY, Wisconsin and others) on Deed for Contract agreements.  

I don't think the HOA can restrict what a tenant does within their own unit (the lease can), they can prevent activities in common areas.

You'll also need to avoid environmentally restricted spots, including wetlands, protected habitats, and prime farmland.

Increased revenue and decreased parking demand allowed us to carry income-restricted units as well.We originally planned on spinning it out into a brand, but we never had the bandwidth to do so.Our largest hurdle has been education as most of our tenants are coming in to rent traditional units.Investors did not love it. 

Quote from @Austin Wolff: I was curious, so I looked at 20 years of Zillow data.Growing up in Los Angeles, I always believed a saying that investors here seem to repeat: blue states appreciate more than red thanks to things like zoning restrictions and certain democratic policies (which is an entirely different topic I won't be delving on here).For anyone that didn't know, here is a map of each state's electoral voting history (for the previous 5 elections):Here is a heat map of 10-year price growth by state:At first glance, it appears the majority of states with the most growth were the "pandemic boom states" like Idaho, Nevada, Tennessee, Georgia, Utah, and Florida.