Adjustable rate allowed but restrictions on the amount of increase and frequency of rate adjustments.The loan cannot include a balloon.Seller must not be the builder.More Than 3 Properties You Must Use a MLO and Comply With All Regulations Such As:The loan cannot include a balloon.

Short term rentals impose costs on the local community (parking, noise, increased demands on infrastructure), so regulation is completely justified.

In addition to numerous tradition RE related investments (most individually owned but some as LP), here are our unusual investments (both are RE related, but not what is common on this site)- I have mentioned this one a few times on BP, when fracking was just starting to be known to the general public (near turn of century), we purchased mineral rights in North Dakota.  

It makes no sense because there are no regulations regarding off street parking for tenants who stay 30 days or more.

Here's time & money an agent or PMC needs to spend to get a rental listed:1) Make sure it's clean2) Hopefully, take professional pics and just not use the camera-phone3) Take room sizes and note positives and negatives about the property4) Since most rentals aren't advertised on MLS, research multiple sources for rental comparables to determine rent.5) Write a GREAT ad for the property6) Syndicate or manually enter the ad on numerous websitesThen, once published for rent, how much time do you think they spend taking all the phone calls (most of them from idiots who don't take the time to read the ad), doing all the showings, chasing applications & supporting docs, processing applications?

I understand that you want to look for a place with year round tourism, growing tourism stats, favorable STR regulations, etc.

This is going to be unpopular with the STR crowd but I would absolutely NOT invest in the traditional vacation markets today.If you're hell-bent on going the STR route, find a metro area that has lax or no regulations currently. 

We’ll need to observe as we move through spring and into the early summer.Here are the full stats for Austin and the greater metro:SXSW is now in full swing in Austin, with many attendees renting one of the numerous short-term rentals in the area.

I was wondering what you, as local landlords , have done or know about these rules and regulations?

Depending on how your reserves/portfolio look like, there could be numerous strategies. 1031 exchage?