In mid to lower segments that won't be the case, and protecting yourself from bad tenants becomes more important, so the ability to non-renew a MTM lease can be important.

There is a lot of demand for bedroom rentals from all kinds of people, but a huge segment of that demand is from students. 

@Christian RequejoFor starters, I think you also need to understand that certain investment approaches align to certain goals/strategies at certain "segments" of a person's wealth.Do you realize that to invest with a syndication, you need to already have "wealth," i.e. cash in hand?

Instead of focusing on this ultra small segment of the overall housing market, jurisdictions should be finding ways to ADD housing stock to their markets. 

Not to mention as alternative options to W.S. increase, example BlackRock via acquisition of Home Partners and the similar, YES you will see MUCH MORE activity via institutional segment. 

Short-term rentals are slowly becoming a commodity in many places and, in a commodity market, you have to compete on price.The ways to avoid that competition is to avoid cookie-cutter properties, provide a superior service and invest in a niche like the luxury segment.

I definitely believe background checks should be allowed, but on the grander scale isn't there a reason market segmentation exisits?

Segment your market and work smart.

I work for a GC in the residential remodel and new build segments.

Interestingly in the luxury segment (which is over 600k in the  Milwaukee Area; only 2% of all deals are over 1 million, that's ultra luxury) the percentage of cash purchases increases again.