The only time the market ever crashed in Miami seriously was because there was mortgage fraud going on and then the mortgage industry was regulated.

By your logic any law regulating commerce would be valid… that’s not how it works. 

If they enact STR regulations might be an issue.

According to Attorney Cathy Lucrezi, "So, in addition to being a property manager, you become a "CRA" - subject to all the laws, regulations, and liabilities as Equifax.

Madison has pretty strict short term rental rules if you don't live at the property, so mid term furnished rentals is a strategy I have seen done here. 

And there are strict loan covenants  that require doing on going work with Naca  deed restrictions on when you can sell etc etc. 

We ran numbers on a lot of properties but were strict on finding one that work.

If they have a lot of people there, that's fine, just be strict with your numbers. 

@Mark Wright, I really appreciate the sensible input and agree that regulations and restrictions are needed, but hope that the town works with local owners to accomplish their goals and don't just push them out.

Hi everyone,I’m reaching out to see if anyone has experience dealing with local regulations that seem to overstep property ownership rights.