You need, however, to learn how to structure these deals properly, use a qualified syndication attorney so you don't get sideways with the SEC or your state regulators, and to build a network of investors.Building the network of investors first is the critical step.  

It may only be a matter of time before strict short-term rental regulations in Texas cities, such as Austin, are a thing of the past (or at least significantly limited).

They are insanely  expensive,  outside of london does present a few opportunities but  recent changes in regulations has created an extremely unfriendly environment for small investors. 

This situation may related to the poor regulation or rules.

Our county governments aren't big in regulation.  

Microsoft paid bigtime for not having the political game in place when the regulators came calling with hands out.

Also, there may be state regulations as this would be considered a form of submetering, and you need to ensure that you follow the procedures that are outlined for compliance.

There are over 100 points in the new tax law that specifically says that Treasury needs to issue Regulations on it (which is not a fast process). 

You should have learned all your state landlord tenant regulations before beginning your rental business.

Would be curious on some of the strategies used to regulate tenants use of Airbnb.