I would say to at least go ahead and get a business license with your city/town. 

These are classic newbie responses from the two town criers.

Thanks for the comprehensive list of suburbs and towns with different unrelated resident laws.

Firstly, it's important to point out that Pismo Beach, like many other California towns, has imposed stricter regulations on STRs in recent times.The city has drawn a distinction between three types of authorized 'Less Than 30-Day Rentals,' specifically a "Short Term Rental," a "Vacation Rental," and a "Homestay Rental."

Stay away from the lower income areas, typically we see properties more distressed, more challenging situations with tenants and late payments etc, we manage around 400 units and from experience its worth spending a little more money to be in a better part of town with more qualified tenants.

We originally hoped to rent as a mid term rental in a smaller town with a hospital, but the market quickly became oversaturated for the small demand so we decided to shift to long term rentals on both sides.

The home is in the New Town (NT) zone of Columbia, MD.

Our team helps a lot of out of state and out of town investors find properties that meet their needs (usually parking equity after a 1031 or moving equity from other real estate investments in other markets).Cashflow obviously depends on your LTV, but I would say the days of cash-flowing on an 80% LTV deal in this area are long gone, particularly with increased insurance rates and inflated operating expenses.

Any what near by towns have comparable appreciation potential to Orange City (Sioux Center, Le Mars, Alton). 

Purchase price: $90,000 Cash invested: $24,000 I took a chance on a town that most people overlook and this property has been profitable since day 1!!