It is a federal regulation but some states reach out and screw you.

Then a hiring increase for local regulation officials or private sector to assess housing quality & approve it.

Perhaps it is hard for people from the states to understand - but the rule of law, and clarity in regulations etc really makes it so much more attractive than other places where you never know what new policies might come into effect forcing you to take massive loses etc.

I want to ensure I’m doing this the right way while keeping my finances organized and compliant with any regulations.

Keep in mind local zoning laws and market conditions in Portland versus Salem—Portland might offer higher rents but stricter regulations, while Salem could provide better cash flow opportunities.Your design approach has proven successful, so continue focusing on appealing upgrades like kitchens and bathrooms, but prioritize cost-effective and durable materials for rentals.

Additionally, make sure you’re familiar with local property laws and any regulations that could impact your investment.I agree with @Jason Wray that you can easily find a cash flowing deal under 200k. 

Now, if they are following SEC regulations, these should be spelled out in the PPM, but they might not all be in some glowing, highlighter-green table.  

I’m slowly learning how to identify soil types but like you said….we can’t afford to be wrong right now  jurisdictions are different all over the US.. many still just use perk tests  others do the soil samples so you just have to deal with your current area and regulations.

You need to check if the lease you created complies with any regulations of the area you’re in.  

One cabin owner I spoke with mentioned that even mid-week bookings picked up when they offered flexible check-in times and promoted the property as a remote work getaway.A quick tip: before committing, check Johnson City’s regulations on short-term rentals.