You need to research/know the rules, laws and regulations (including HOA if applicable), like you'd do in any US city.

@Wiley Hood to be honest, with all the new regulations around documentation for cost segregation that has come out, I recommend having a professional do them.

Part of this is regulations in my city, but after having done it this way, I wouldn't ever want to do it with a single family home.

One cabin owner I spoke with mentioned that even mid-week bookings picked up when they offered flexible check-in times and promoted the property as a remote work getaway.A quick tip: before committing, check Johnson City’s regulations on short-term rentals.

Careful going outside state lines -- contract for deed is not allowed in Texas.I didn't think COD is illegal in Texas, just perhaps not recommended anymore, because it is difficult to comply with the rules or regulations. 

All the regulators have become useless pawns.

We're limited in what we can post in the BP forums and on our website because of regulations and NDA agreements.Continued success!

Hoboken has stricter renting regulations than Jersey City.

Didn't make a lot of sense to me, but sometimes regulations don't make much sense.  

Just like on the West coast pre foreclosures are highly regulated but folks violate those laws all the time..