I reported on our blog yesterday a story, Zillow Banned in Arizona by Regulators.

that's what happened in SF  they turned them into TICS  then those got banned..

I am in the process of closing on 15,000 sq foot building in Banning California that is currently vacant. 

Do you have any concerns that Waco will ban STRs in the near future much like Dallas and some other metros in Texas have done? 

Let me lay out the pros and cons:Pros:More profitable (or at least can be)Cons:Good luck getting DSCR financing on them in this market.At any moment your local government can ban them or put laws in place that impact your business.Higher insurance costs.More likely to experience a damaged property.

It's very messy right now, cities that already had laws prior to 2011 don't want to change or adjust them because they might lose the ability to ban STRs at all, and some of them can't keep up with enforcement in any case.  

This property is a fully rehabbed 3 bedroom, 2 bath with a walkout basement and is currently in the process of a Section 8 voucher inspection, tenant to be placed once the COVID-19 ban allows city inspectors back to work.

This property is a fully rehabbed 3 bedroom, 2 bath with a walkout basement and is currently in the process of a Section 8 voucher inspection, tenant to be placed once the COVID-19 ban allows inspectors back to work.

There are a variety of tools for this, and they are a beautiful thing because they timestamp everything.Although I learned that this is getting banned in some places, I have always signed my lease is with an addendum that there is a $50 discount per month for on-time payment.

@Erik Hatch - Chicago isn't considering rent control, there is a state wide ban on it.