One next step @Zachary McHugh could be to dig into the resent discourse in a particular city or towns city council (or like governing body) about STRs. 

I will certainly seek legal council to clarify some of this information specific to the state and my market.

Solid tenant base.Down side is the PG County Council just implemented pretty harsh rent control.

The USPS wouldn't deliver mail until the city created the address 1000 Main Street, which took a city council vote.I lived in a city where splitting a property into multiple addresses required an environmental impact report (more traffic, more parking, more occupancy, zoning issues, and so forth).

There are plenty of ways to try and get variances and special city council approval but thats a LONG and EXPENSIVE process.

Apparently per a new bill they have going on there right now, any city council member can "downzone" any area of their district at any time.

City council meeting tonight to discuss AirBnB if you're interested.

This is why we come here for council

Holding something as a LTR provides constancy of income and reduces the risk of a militant HOA or City Council, keeping your home from producing an income. 

We are lucky, this is a perfect site.  4810 South 35th street, Council Bluffs, IA if you want to Google.