Over the last several months Sedona residents, who feel their town has been overtaken by STRs, have been outspoken in their opposition...and have gotten the attention of the governor:https://www.azcentral.com/story/news/politics/arizona/2019/08/22/arizona-lawmakers-revisit-short-term-rental-law-governor-ducey-airbnb/2089887001/https://www.azcentral.com/story/news/local/arizona/2019/07/25/sedona-residents-challenge-rep-bob-thorpe-over-vacation-rentals/1811064001/While any legislative crackdowns seem to be directed toward corporate "party houses," individual STR owners in Sedona, especially, could get caught in the crossfire.Cities in Metro Phoenix like Scottsdale, on the other hand, are more diverse and dispersed in terms of STR locations, so we have not seen the high-volume backlash by residents that Sedona has experienced.When you are deciding where to invest, check local news sites for stories on vacation rental legislation and policies.

@LaTrell Ray - Several high profile, multi year, VC backed rental arbitrage companies recently went bankrupt because they couldn’t weather the storm of covid and/or other industry forces including increased local taxes and regulation (licensing, crack downs on zoning violations for stays less than 30 days).

This is annoying and disruptive, and with the continuous flood of new wholesalers trying their hand at the game, the onslaught will probably generate enough complaints from normal people that eventually encourage the powers that be to crack down on wholesaling, which in Ohio, is apparently an illegal practice of real estate agency. 

According to Voices of San Diego, it can take up to a year to obtain the permits, and because the city's crackdown on AirBnB is so recent, many aren't aware of the regulations that come with the territory.

You know, I'm amazed really, you can't write a book about how to put insurance together or split options of stock or give advice without the proper license in insurance or securities, especially illegal advice.Such books that are written on insurance plans and securities are written, but the author is certainly vetted by credentials at least by those who buy them and they are by respected publishers like P-H or Black's or even Barron's.If they can pass stuff like the SAFE Act, limiting trade in property right's I'm not seeing why RE Commissions can't crack down on giving RE investment advice, I'm not talking about REI clubs or forums where we chat, but in mass distribution of investment strategies.These gurus are nothing less than a danger to the public economic welfare.What is just as bad, is that people are so desperate that they do absolutely no investigation of RE gurus and take, hook line and sinker, whatever drools from the pages or mouths of these con artists.

The IRS could crack down tomorrow on the IRA LLC structure and the penalties they could levy would be severe.

Between the crack down on gambling and the fact that I do not enjoy being in bars I have 42 rental units and absolutely no desire to ever own a bar.

Florida has crack down because of the number of victims of unscrupulous operators.

For that reason, there has been talk of an impending tax reform to crack down on the use of corporations.

And if the feds crack down big-time, they,ll have to charge all of the residents in Colorado because probably 98% of Colorado residents, though not users, sellers or growers, surely knows of someone who is.