Most city/county regulations want no less than 1 million in liability, so we require that for any clients.

However, it seems like there are so many rules and regulations with the State/City and when it comes to getting approved to list on Airbnb. 

I am in Texas so currently there is not a lot of regulation or need to be licensed here, but rules vary by state as noted above.

For tax-related matters, seek advice from a qualified CPA or tax advisor familiar with Minnesota's rental property tax regulations.

Also, have a plan in place for handling noise complaints or other disputes that may arise among tenants.Lastly, make sure to familiarize yourself with local rental laws and regulations, as they may vary when renting to college students.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

We are invested in numerous multi-member LLCs owning commercial properties. 

Failing to stay informed about local laws and regulations can lead to hefty fines or the shutdown of your listing.

STR's are risky, local regulations change, the economy goes bust, or the area your buying in become less desirable over time and your running into issues.

Having remodeled numerous kitchens, I have found that at times it is easier and not much more costly to replace with RTA (ready to assemble) cabinets.Unless you just want them painted and don’t care much about how the finished product looks.