For any commodity market, costs are passed to consumers when demand balances or outstrips supply.

My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

Regulations in Nashville allow owner occupied STRs if you are truly an owner occupant.

Now we see 2023 in reverse, where that year had real demand greater than real supply.

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

Validate their Legitimacy:Ensure the company is properly licensed and regulated, particularly if you're working with private lenders.

Need to supply them with Pay or quit notice.

This may hurt some local markets and ease the lack of supply in other areas.

Did you know before it happened, that new regulations were coming regarding condominiums that now makes a large number of people both regret buying and now not being able to afford the  payments on the "great deal" they bought a while back?

If we become heavily restricted, what chance does the rest of the DMV have to get their own regulations that make sense?