Seattle has become more lenient on ADU regulations because of the housing shortage. 

note some localized regulations require creativity to envision

Do you know if the city has any STR regulations? 

I've operated MTRs in several markets and have seen 75-80% occupancy on MTRs that can't be rented as STRs due to regulations (ie we don't rent them as a hybrid MTR / STR strategy).

The dangers are local laws and regulations, and running a good, tight ship so that your neighbors are happy.

Hey Tom I have a lot of experience here in Pinellas County, currently managing about 65 units.I would recommend staying out of Tarpon as they are strict 30 night minimum rental, and the demand is not as high as Clearwater/St Pete which also have 30 night minimums. 

Remember, before investing in a property, it is important to research local regulations and conduct thorough market analysis.

I just remember thinking that the Rochester inspectors seemed a little too strict, interpreting every rule as harshly as possible.

But on the questions with no answers in parentheses then those aren't as strict. 

Whoever creates and sponsors the syndicate needs to comply with the SEC regulations for securities offerings UNLESS the offering qualifies for an EXEMPTION from registration.