I have been reading thier seems to be a lot of rules and regulations.

Now onto the real estate...If you truly want to protect yourself against STR regulations only purchase property with the intent of  operating as an STR where these three principles apply: (1) the use is allowed, (2) the use requirements are protected by in place permitting and licensing and (3) the permissions are transferable through a sale.

You will need to live there for at least a year after making that purchase and there are rules about how you can move out.

So with another 100K in construction/fix up cost bringing the total to 500K it meets the 1% rule, obviously I would do more underwriting but I need to be solid on those comps. 

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Look up your states rules for activities requiring a real estate license. 

Note local rules could be more extreme.  

I am within the rules of the Florida statute regarding security cameras and not recording conversations. 

I also just generally compared to the 1% rule. 

I applied this strategy a couple years ago so happy to provide guidance of who I worked with and what seems to work/not.