Colorado and numerous counties have been imposing restrictions on nightly rentals and continue to get more restrictive.

Here is the Suntrust 2008 FORM 10-K page 35 https://www.sec.gov/Archives/edgar/data/750556/000119312509042448/d10k.htm that sums up the debt instruments they called for my company and tons others in 2008: "We discontinued originating first lien Alt-A loans to hold on the balance sheet during 2006 and until mid-2007 originated a small amount with more restrictive credit guidelines for placement in the secondary market.

The program isn't designed for investors and to me there are too many restrictions.

There is no zoning restriction for the number of family members living in a home as long as blood, marriage, or adoption relates them."

Of course, you will want to make sure there are no deed restrictions.

check out ocean lakes resort myrtle beach sc, you can get into a lot of properties for 600-800k stilt beach home-4 -5 bed with a 70-90k gross revenue. great rental area, has no str restrictions and is 318 acres gated and secured straight to the ocean.

They can also put in rules restricting rentals.

Any other deed restrictions, use restrictions or other misc. items that are adverse to your objectives?

While I own investment property in Denver county, I've decided to acquire and operate short-term rentals in another market with less restrictions.

My criteria are:  An area I want to enjoy with my familyNo pending or or existing STR restrictions or legislation in processPotential occupancy rates > 150 days per year Net cash flow between -5k to $5k per yearFamily friendly destinations, non Bachelor party destinations I wrote a BP blog article also that touches on some of this as well that you might find interesting.