Meanwhile, a legacy of restrictive local regulations around building has kept supply low. 

To meet his burden of proof under IRC 7491, the taxpayer must comply with the recordkeeping requirements of the regulations.

Cities and Counties do not regulate deed retrictions .. they regulate Zoning.. period.

Established a relationship with a local realtor with same interests How did you finance this deal?

Establish a local network of trusted professionals, such as a handyman, plumber, electrician, and a local real estate attorney who can address urgent issues promptly.

AI developments are being referred to as more significant than the Industrial Revolution by very intelligent and established tech leaders.This IS going to change things drastically and probably much quicker than most realize.The question I have is this:AI will likely be the most extreme deflationary effect ever experienced by mankind. 

You also don't have to deal with any STR regulations since you're a 30 day+ rental. 

As Kate mentioned above there is definitely some marketing efforts needed but once established its about keeping up good reviews and that's all about the guest experience.

I recommend thorough market research, building a strong local team, and staying updated with local regulations for a smooth process. 

We've had a bit of an influx of interest from out of State investors turned off by recent proposed and implemented STR regulations in some HOT investment areas in the South.