I’d think that HOA’s rule over broad regulations.

These private investments are not regulated in a manner to protect the common person. 

A lot of money goes out the back door especially in a tax and regulation heavy state like IL. 

Regulations are relatively investor friendly.Ensure that you can build a good team in your selected market.

It is all about the building department and their regulations.  

Those areas are going to be invested in heavily once the regulations on opportunity zones come out, so I would get a head start in those areas for buy and holds.

Ontario has the most anti landlord/tenant friendly regulations in North America in my opinion.

Overturned in King County Court, appeal pending. 2017 Rapidly rising cost of rental housing Rental Agreement Regulation amendment SMC 7.24.35,36,38 limits move in charges and requires provision of payment plan.

You will need to do a 506(c) if you wish to advertise and that is accredited onlyYou can do a 506(b) which allows non accredited but sophisticated but you cannot advertisePublishing info requesting people to fund a deal is not recommended since it violated sec regulations (note I am not an attorney)

You should not be considering being a landlord until you have done extensive studying on real estate investing and have also learned all of your state landlord tennat regulations.