Regulatory Changes: The impact of government policies can be significant.

There are quite a few state/ city/ county regulatory hoops to jump through in order to build your own home, most which your builder would handle.

They also can also know that if they are fortunate enough to acquire an STR that is already properly licensed/zoned, there are rather safe from competitors entering the space due to the regulatory barriers of entry. - AirDNA gives Waikiki, HI a rare "A" market grade for 2023.

NapierYES STAY FAR AWAYTHEY HAVE HAD REGULATORY ISSUES IN KENTUCKYTHIS IS A DIRTY COMPANYThey run it like amway,Paying a bird dog fee to reel in suckers 

Paducah was just listed as a "Foreign Trade Zone" which should give an increase to manufacturing and distribution jobs, as their are tax and regulatory benefits.  

Unfortunately they went too far and now in order for a carrier to be writing business that doesn't loose money they have all had to leave the market and will likely come back in a couple years when they can reprice without regulatory issues.  

Have you evaluated the regulatory landscape?

Otherwise there will be legal/regulatory implications. 

We are looking to sync with them specifically on seller financed regulatory (Dodd Frank) items.

This lack of secondary market support can make lenders more cautious.Legal and Regulatory Complexities: Condotels may be subject to complex legal and regulatory issues, varying by location.