From what I've read, the few potential legislative changes coming down the pipeline won't have a very dramatic effect on how STR's operate and will probably have a pretty negligible effect to an investor's bottom line.Also, you mention only 1 community that you've come in contact with doesn't have a restriction against short term rentals.

@Sabrina BaldwinRecently, legislation I thought changed where you can apply to get your one listing approved for fha instead of the of the entire association.

The seller provided me the security deposit, but I'm uncertain how to handle the deposit once the tenant's lease ends in a few months.

If not then the outlook is not so good.I would add that in 2010 Denver (City and County) did a major overhaul in their zoning code and state legislation passed legislation regarding builders' liability for new condo construction.

Let me put it in no uncertain terms:BYLINE MANAGEMENT IS A SCAM!

I recently put together a nice article giving an overview of the new Tenant Protection Act, AB 1482, which outlines the new Rent Control for CA. https://www.linkedin.com/pulse/multifamily-investing-new-year-2020-edition-eric-grabin/Curious what the BP Communities thoughts are about the new legislation?

So basically you're accepting an expense and avoiding a benefit because of an uncertain outcome. 

Yes I agree, however the more I read about the eviction memorandum laws, I'm uncertain if even cash for keys is a viable option during the "crisis".

Are there any provisions in the CARES act or any legislation related to the pandemic that extend 1031 exchange deadlines in 2020 for investors?

Their interpretation of the new ADU laws don't match up with the intent of the legislation.