There are tons of threads about this, your first requirement is to good management, understand the laws applicable to your activities, be compliant and keep the property in good condition, following this means that you'll not likely be negligent or subject to regulatory or legal matters.

In addition to the very unfavorable tax environment, the local judiciary and regulatory environment appears to heavily disfavor property owners — and moratoriums on evictions are common during the winter months.

Its very much a hands on operational business with significant regulatory compliance, no insurance coverage.What rates can you charge in this market?

They've got a loan dashboard, customer service, autopay, practically push-button foreclosure, escrow accounts, and regulatory oversight. 

I recently finished real estate school and jumped through all the regulatory hoops... now I'm just looking for a broker to sponsor my license.

However, my rental experience is all in LTR so I would like to get specific advice on line-item considerations for evaluating property cash flow and local regulatory considerations. 

this created one of the longest threads on all of BPmaybe some of the folks here who know how to link a post in so you can read them all can do so   I personally cannot.this model is fraught with regulatory oversight. 

Keep in mind though that higher gross ROI markets are often that way for a reason: sketchier regulatory outlook, lack of quality contractors in the area, etc.

Still worth reading in my opinion, as long as you know the seller financing landscape is completely different now from a regulatory perspective. 

I'm pretty sure she is talking about Santa Rosa Beach in Florida, not Santa Rosa the landlocked wine country in California.Regardless, Nashville and Austin are just as oppressive from a regulatory standpoint as California anyways, so it's sixes there.