So long as regulations allow the small man to flip houses, then this industry will stay active and viable.

@Steven Nguyen The City has regulations, primarily for the purpose of dealing with mini-dorm situations around the SDSU campus. 

If they could get out of their own way of their own regulation or reduce them for developers and charities to be able to build housing from say shipping containers,  or in older commercial buildings without having to do a full upgrade to modern standards.   

Only 1 sale in a year would be exempt and if considered a commercial property sale you are also exempt (these regulations really focus on sales to individuals for their personal home.You don't sound super motivated so I'd let the buyers do their own due diligence - as previously mentioned.Sales Price, Interest Rate and Down Payment terms all work together so if they need flexibility on, say for example the downpayment, you can then up the interest rate or go to 20yr amortization.   

Here's a discussion of the proposed House Bill 579 to regulate short term rentals in Georgia. 

Just make sure you read up on the NC regulations put into effect after the great recession.

It’s usually not cost effective to submeter the water and some states, like Mass, have strict regulations for charging water to tenants.  

I am not saying that you should not listen to RE agents , but keep in mind that most of them needs to sell at the end of the dayAnother place to visit is the local REI club, tons of useful information and real insights if the marketLast - educate your self as much as possible regarding tenant - landlords rules and regulations for the specific city, try to learn about city cose violations etc... this way you will not be surprised down the road.I also like to recommend BP book by David Greene "long distance investing" it is very useful resource and should prepare you well for ling distance investing.Last - Good luck !!!

I still need to figure out what the regulations are in my area, but I'm curious if anyone has pulled it off or tried and failed? 

@Noah Mencia I am surprised you are openly offering "advice" on how one can circumvent the laws and regulations of a city authority to get around proposed restrictions.