You may find that solicited support from a council member will help your proposed development.

Simply put..nope, not the same as low level investorshttps://www.kansascity.com/news/business/development/article66646002.htmlhttps://www.bizjournals.com/kansascity/feature/ken-block.htmlWhen was the last time the city council and mayor came to a “fix and flip” groundbreakinghttps://www.kshb.com/news/local-news/block-breaks-ground-on-office-building-it-says-will-change-plaza-skyline-become-landmarkThey are sharks that have advantages a little fish like me will never have.

I am from British Columbia in Canada and looking to start investing in real estate.

Update on the Airbnb ordinance changes: The recommended changes were voted on and passed out of Planning and are now with the Metro Council sub-committee.

In November, City Council voted not to allow short-term rentals in commercial and mixed-use areas covered by the River Arts District and Haywood Road form-based codes."

Being guided by rules of thumb can backfire.I've always considered being a landlord as buying a job, sometimes it's a great jo and sometimes not.If you never had the job before, you may miss some things like:A tenant has a guest over who trashes the place...Your tenant turns out to be a cook, a met cook.....Your units/house get red tagged, vacancy may be for months....Tenants die in there, little extra clean up and disclosing the death to new applicants might take longer to rent....Oh, city council just past another safety code for rentals, write a check....Your insurance is cancelled, you don't have a fire escape for the second floor....You find out you still need to evict a tenant who was just sent to prison....It's December 23, 8:00 pm, the furnace just broke down, call a motel....A greese fire just took out the kitchen ceiling.....Oh, the fire burned the electrical, the fire department just red tagged you....The next door neighbor's kid was bitten my your tenant's dog, do you still have the same agent....Notice of Legal Action, April 28th, are you off that day.....Tenant broke a faucet, the place is flooded from the top floor down....Another Order to Appear, a health code violation, the tenant's lawn mower is broken....How's that easy money going for ya?

Wife is on the Palm Springs City Council. 

I am very in tune with the political landscape in Palm Springs, and watch every council meeting, and there is currently no will to end VR's any time soon although it is always something to be mindful of.

Cons: Cleveland City Council has taken an anti-STR position for a long time and is currently proposing more restrictions (as are other local municipalities), it's very seasonal, all the houses in Cleveland are 100 years old and thus work/cash-intensive to maintain to STR standards.PM me if you want to meet up and talk more! 

As Claud Cockburn, a British Journalist, newly arrived in America observed, 'You could talk about Prohibition or Hemingway or air conditioning or music or horses, but in the end, you had to talk about the stock market.