However, laws vary, so it's crucial to understand your state's specific regulations. 

Not a nursing home with 24hr supersion/care.But how would you get past the rooming house regulations?

Once we hit junior year and started leaving the dorms, we had established ourselves well enough in our college town that we weren't going home for the whole summer anyways.

@Anastasia MonroTo achieve financial independence in real estate, focus on boosting savings, improving credit, getting pre-approved for a mortgage, searching for properties with high rental demand, researching local laws and regulations, building a team, staying educated, preparing for property maintenance and management, and being patient and persistent.

Charging lease fees is highly regulated as well.

You will have to spend countless hours trying to learn the laws and regulations of each state and you will never be great at any of them.

It is great to slowly have cities that do 1033, in order to establish a proof of principle of how this law can work, and encourage other cities to follow suit.

But there are many more investors chasing every deal that's out there, repair costs are much higher, taxes are much higher, insurance is much higher, regulations are starting to become a bigger issue, and of course interest rates are an issue. 

I am seeking information on market trends and regulations concerning STR in the Hampton Bays area.

While we don’t have direct experience with this, we have clients who do, and they usually report great experiences when zoning and other regulations align.