Hi Alecia, thanks for the practical tips.

I would say in more practical manner, they are more knowledgeable than us the investor what needs to be purchased.

That’s basically free money the bank is practicality paying me to borrow their money.

Coastal NC can be a great market, but it’s important to research local regulations on STRs since some areas have restrictions or require permits.

Throw in a dose of imposter syndrome and fatalism and you have a recipe for some mood swings right before a property is booked again.From a practical point, I would recommend great photos, a clearly defined target to whom you are advertising and understanding the best pricing of an area really well to ake sure you get booked in a timely fashion.From a more meta perspective, be aware that these listings don't typically get booked well in advance (families displaced by flood or fire, traveling nurses who need a new contract ASAP, and construction projects that realize they need a speciality engineer on-site RIGHT NOW don't book ahead). 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Local Regulations: How do local landlord-tenant laws, rent control policies, or other regulations affect investment profitability?

The costs to build are too high, and until fuel prices drop and the environmental regulations are toned down, that won't change, meaning existing housing will continue to go up.

I did find verbiage but from another jurisdiction "Unavailable for rent means a unit whose owner has filed with the code official a statement signed under penalty of perjury that such unit is not offered or available for rent as a rental unit and that prior to offering or making the unit available as a rental unit, the owner will apply for a Residential Rental Business License and comply with any applicable administrative regulations adopted pursuant to this chapter...."

The best practice is to learn how to screen well.