@Ryan Raven most states don't care if you screw up the management of real estate you own personally.The government does have a problem with an unlicensed person/company screwing up the management of properties they do not own.

Quote from @Mitch Davidson: I haven't rented to FEMA, but I have rented to other government entities without issues.

Fannie and Freddie are the government sponsored enterprises- conventional loans are underwritten to their guidelines. 

It seems the only people who actually got loans from them were PPP loans from the government during Covid.

If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.

My wife and I chose to write down our own rules for both our marital property and our estate, so that it doesn't go to whatever wacky CO law governs distribution of wealth.

All of these things indicate the basic groundwork for an STR industry supported by local government, and we do expect future support to continueThe highest demand areas of the city can be found South of Veteran's Memorial Pkwy.

Section 8 comes with guaranteed rent payments straight from the government, which is a huge perk.

She is working for federal government and had deployed out to another state (she is not a service member by SCRA).

The problem is that non-government jobs aren't permanent.