Ha, yeah that had always been my concern but some of the suggestions on here seem valid about strict rules and regulations on the leases, and I would be providing housing at 20% to 30% cheaper than anyone else could find of they wanted a studio to themselves.

Why hold in Baltimore when you can hopefully get it vacant, sell it, and use the money for another property closer to you or use that money to build an ADU.Have you checked the regulations on ADU and impervious cover for your house?

Lots of the known companies such as CHUBB, Cincinnati and others are using their E&S companies that aren’t regulated but the state to offer coverages where they can.  

Most CPAs/tax professionals do not have the time to study this calculation intense niche of real estate regulations.

Consider HOA regulations as they could pose additional risks, be sure to thoroughly review the Covenants, Conditions, and Restrictions (CCRs) regarding rental restrictions or limitations.Strength:Elderly tenants are inclined to move less frequently, resulting in reduced turnover.

They usually have regulations on the # of dwellings per acre and I’d hate for you to spend money designing bringing utilities to the site only to be in a city council meeting where the local neighbors shut down the proposed development. 

Also check the number on any property if STR no longer works out because of regulations or competition. 

Google pressure regulator so you’ll know what to look for and how to adjust.

I work for a company that owns around 100 parks and of course every state is different with regulations, but overall just looking for the pros and cons of registering

Looking for clarification regarding the change to the Florida State law moving through the legislature preempting STR regulation from city and county governments.