What are the pros and cons of each, and which offers the least restrictions, flexibility and cost savings for my intended purposes?

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

Like others have said, you can't restrict actual service animals but disclose what is going on.I have yet to have someone with a service animal not tell me in advance.

I know the restrictions are pretty strict for STR’s but was wondering if it’s the same level of regulation for arbitrage.

Is the number of licenses limited or restricted?

Also, long term, I expect Sac will enact tougher restrictions on STR, given the intense housing crunch we're experience, so I personally don't expect that to a be a good long term strategy.

Operating an Airbnb business requires being up to date on current local ordinances and restrictions.

Lots of cities have restrictions..Arlington limits to a fairly small area of town, Ft.

Do Snowbirds usually like ground floors since They might have restriction climbing stairs. 

In light of that did the developers wind up getting a pretty decent deal out of this after they took a big risk on a property with crazy restrictive zoning and no clear path forward prior to purchase?