I'm not always opposed to some of these measures, but I am objectively looking at how this will affect investing decisions.I agree, the reclassification of vacation rentals to commercial property is the big issue I'm watching.

If properties in that area tend to appreciate more slowly, especially if you can't start renovations immediately, you may sit on that investment watching potential profits get eaten away at slowly as inflation passes appreciation. 

As you read these books, watch the BiggerPockets podcasts.

Team of people watching notifications and contacting guests and if necessary going out to property to address issues.

As you read these books, watch the BiggerPockets podcasts.

Third, put the money into an account temporarily for a few months, settle in, buy yourself a gallon of your favorite Ice Cream, pop on the boob tube and watch a couple of good movies.

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

You could list it on Airbnb, VRBO, furnished finder etc. and see how it goes while you watch the rental rates and decide if/when you want to sign longer leases. 

You can oversee this aspect from the background but don't try to directly engage a GC from out of State without having someone tied to your success there to watch what's going on.

You need to watch this video from an attorney on why insurance is not the answer to protecting a property from a lawsuit.