You’ll want to check if your specific work falls under their home improvement contractor licensing, or if there are additional local permits required depending on the county.

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

A property in Haysville for example would be SW, but could also be filtered on "Haysville" specifically. 

You point out specifically "... on forum run by his publisher." 

This cushions potential value drops.Syndicator vetting: Only partner with syndicators who have a strong track record in different market conditions.Market and asset class knowledge: Understand market cycles and the specific real estate types (multifamily, industrial, etc.) you're investing in.Avoid chasing trends: Just because a market or asset is “hot” doesn’t mean it’s solid.You’re right that this approach doesn’t cap your upside, quality diversification can still generate huge returns while managing risk.Best regards,Drago

With all of that in mind, I think it would really be dependent on where you see that specific market going.

Drive around and figure out a few areas you would like to live in with your budget.

Call the zoning department again, and this time ask specific questions: Is a variance required, or can you proceed as-is?

Rent control laws are market specific.

I think it's going to be location specific for sure; where I am very few people hang out in the house all day long as they are usually busy hitting the parks and attractions.