As an appraiser I’ve appraised a handful of properties recently that are outside of city limits and operating successfully as STR’s that don’t have the same regulations as the city of St Pete.

However, since market shift / rate increase even these guys have slowed down quite a bit.Regarding regulation, I think eventually Indy will have to regulate against Short Term Rentals.

@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.

The IRS has a regulation that amounts less than 15K are tax-exempt, of course, this requires you to file a tax return.

I’m slowly learning how to identify soil types but like you said….we can’t afford to be wrong right now  jurisdictions are different all over the US.. many still just use perk tests  others do the soil samples so you just have to deal with your current area and regulations.

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.

Hoboken has stricter renting regulations than Jersey City.

There waiving regulations that would have impeded it, and are trying to get additional funding to cover anyone who had any lack of coverage. 

Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.