As a landlord, you are liable for any failure to meet your obligations (regulatory or contractual).  

Learn the state laws.FL Chapter 475.42FL Chapter 475.43If you need a lawyer try this guy:https://www.richardhornsby.com/crimes/regulatory/unlicensed-practice-of-real-estate.html

I personally don't have faith in large scale short to mid term appreciation here (but I'm quite sure it will do fine over the longer term), and because of the tax/regulatory/political situation.

I'm sure people do it all day and/or know people that do, even on this forum but that doesn't make it legal and doesn't mean that its actually done.If the lender becomes aware and does not take appropriate steps with the homeowner to right the wrong, the lender can be scrutinized by their internal and external auditors and/or regulatory agency.

Canadian $50K investment, 8% return = $4K net.CPA Fees: $300 (US tax filing) + $200 (Canadian tax filing)Other Fees (regulatory, one-time setup costs, due diligence): $100Total Fees/Costs: $800Net Returns (US): $4,200You have to do the math and realize if the extra $200 is worth it or not.

I always get a little concerned about urban STR's just in general due to constant ebbs and flows in the regulatory environment... and NIMBY's.

When you find the right one, they will be able to guide you so you choose the right structure and stay compliant with regulatory requirements. 

✅ Low operating costs ✅ Pro-business city / state regulatory environment ✅ Low crime rate ✅ No rent control of any kind ✅ Sufficient population to have economic stability, major highways, and a major airport. ✅ Low risk of a natural disasterIncome ReliabilityThe reliability of your income depends on the tenant who occupies your property and their job.

Third, the biggest mistakes are to invest without also be able to cash flow as long term rentals as well as not researching the regulatory climate.

Over a year later due to regulatory challenges, we are finally laying the foundation.