Most city/county regulations want no less than 1 million in liability, so we require that for any clients.

However, it seems like there are so many rules and regulations with the State/City and when it comes to getting approved to list on Airbnb. 

For tax-related matters, seek advice from a qualified CPA or tax advisor familiar with Minnesota's rental property tax regulations.

I am in Texas so currently there is not a lot of regulation or need to be licensed here, but rules vary by state as noted above.

Also, have a plan in place for handling noise complaints or other disputes that may arise among tenants.Lastly, make sure to familiarize yourself with local rental laws and regulations, as they may vary when renting to college students.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

Failing to stay informed about local laws and regulations can lead to hefty fines or the shutdown of your listing.

The real estate/business lending space is HIGHLY regulated - the same regulations which aid you and protect you as a member of the LGBTQ community or ANY OTHER community also apply in the other direction and to all other consumers. 

While interest rates may be higher, these lenders can provide quick financing for real estate investments.Remember to consult with legal and financial professionals to ensure that any alternative financing strategies comply with local regulations and protect all parties involved.

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.