Seacoast NH, for example, has some great potential with short-term rental markets (Airbnb, VRBO), especially in towns like Portsmouth or Hampton, but the regulations can be a bit tricky.

Best bet is to carefully analyze the zoning maps and regulations or just call the town and ask.

Having developed a majority of my career in CA the regulations and red tape for construction and development are intense. 

Make sure you thoroughly know how the regulators view the way things are being done, before committing to a "creative financing" technique.

A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

membership is something like APPL which is just non regulated group of private investors working on best practices but there is no authority behind them like  state license or NMLS registration has ..

It is a federal regulation but some states reach out and screw you.

More deals are killed by procedure and regulations than anything else it seems. 

CRE CLO is still regulated though.

@Jonathan Greene @Jay Hinrichs @Nicholas L.Note: Each state has their own way of handling and regulating foreclosures, and as someone who is not specializing in foreclosures I can give you only general ideas and information.