Furthermore, what are the regulations regarding security deposit?

Additionally, I appreciate the note on Madison's strict short-term rental regulations for non-owner-occupied properties.

If it was built before, say, 1960 there may be a slew of electrical work you'll need to do to stay in regulations with current times and, of course, for the safety of a future buyer.

We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a  flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).

Spike was as a result of Trump tariff on Canadian lumber dumping practices and Covid shutting down logging, lumber mills and trucking.  

City regulations aren’t allowing for any more str licenses, but we could still rent it out as a 30-day rental without needing a license. 

Before you are allowed to see an offering structured as a 506(c), securities regulations require that an advisor determine your suitability for an investment, disclose investment risks and give you a chance to ask questions.  

Also any STR locations that are viable options fron cash flow perspective and friendly regulations?  

Then your client's manager calls to ask you to reschedule because her daughter has soccer practice.

This is the most practical advice I’ve ever heard.