STR's are risky, local regulations change, the economy goes bust, or the area your buying in become less desirable over time and your running into issues.

I'm puzzled by the apparent discrepancy in regulations. 

-You Must Disclose Your Relationship with any Company, Website, Guru, or Other Entity that You Comment About-No Advertising, Sponsored Posts, or Promotions Outside the Classifieds ForumI would recommend reviewing our Rules and Regulations here for the complete breakdown, and encourage you to reach out to me or any members of our Moderation team for questions on a specific topic!

For investors in our region, comprehending this ordinance is critical, as it substantially affects the sales process and could notably influence your investment's outcome.The updated regulations mandate a comprehensive inspection and pumping of onsite wastewater treatment systems (OWTS), also known as septic systems, prior to any property transaction.

On behalf of your Leadership Team, we thank you for your support.Sincerely, Gia Arvin2024 President Florida Realtors"https://www.votervoice.net/FLRealtors/Campaigns/112823/Respo...Pure histrionics.Short term rentals cause externalities that local governments are right to regulate, and no, I’m not talking about allegedly driving up rents. 

Hey Lars, In Cleveland, while Class A neighborhoods offer potentially higher rents, achieving positive cash flow can be challenging due to higher property prices and stricter regulations.

I did not mean that Section 8 should be treated differently, I added that info in case there was some regulation that I am not aware of that may change people's thought process. 

All its going to take is one or two very bad, very public deals and then there will be a lot of regulators looking at it very, very hard. 

Best to consult your CPA for the most relevant advice based on your state's regulations and tax implications.

When something is optional, the IRS code or regulations specify a method of electing out.