I am almost ready to put in an offer for my first STR in Big Bear.

We live in Nevada and want to build a short term rental in Big Bear CA, with the potential of having a Next Gen option so we can also visit on holiday weekends, while staying in the Next Gen Suite.All three of my house I’ve owned were new builds, as they were my primary residence.

I don't know all the rules but last I checked the funds have to be held in a separate interest bearing account and interest must be paid out each year. 

Or does the client bear some of the blame?

@Shervin Golgiri Seller not paying buyers agent commission wont have any bearing on finding qualified buyers in a sellers market . 

I agree....but the OP should still bear in mind that these Blue cities will still have very tenant-friendly laws in place, so that should be weighed into the decision as well....IMHO. 

If that data bears out a big collapse, I'll believe it.

We've looked at a number of properties in the area, but what I'm still getting my bearings on is re-zoning.

Each SD needs to be in it's own account, the account must be interest bearing and there is a minimum set by the city every year, the interest must be paid back to the tenant at least every 12 months. 

In reality, as soon as your cashflow hits your bank account, it's either reinvested in a similar asset, swept to an interest bearing account (high yield savings account/CD), or reinvested in some other form.