Hi everyone, I am currently looking for my first investment property, most likely a SFR due to budget restrictions. 

Odd that its not selling .

Some areas may have rent control ordinances that restrict how much landlords can increase rent and how often they can do so.Review the lease agreement: The terms of the lease agreement signed by the landlord and tenant usually outline the conditions for rent increases.

My gut says it is only a matter of time where they severally restrict or ban them outright.

I can relate if she mentioned this as "revenue" but she mentioned as "profit" which is odd to me but what do I know, I am a newbie. 

cost seg and REPS usually increase odds for audit, but please keep in mind Today, an American's overall chances of being audited are about 1 in 200.

I'm interested in investing in Cobb County (something like a PadSplit model) but notice there is an unrelated tenant restriction.

Not to say a property there can't work, but the odds may be stacked against you.

our area has put restrictions in place that limit what properties qualify and for those that do qualify only 300 STR permits will be issued.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.