http://www.ilga.gov/legislation/ilcs/ilcs3.asp?

We have countless communities that are purpose-built for vacation rentals and you will never have to worry about HOAs or changing legislation.

.; rent control legislation or Gov. housing affordability initiatives, a crash in house values that allows renters to buy, a big-money developer builds a luxury apartment building next door and is able to to rent units that are A+ for only $100 more than your C or B grade property, etc., etc.).New investors have come up in an era where values have only gone up, and plenty of gurus and their followers have drunk the kool-aid and believe that values only go in one direction (up).

Bonus depreciation is 80% for 2023 (100% for 2022), but there is Tax Legislation currently being considered that could change bonus depreciation to 100% for 2023 (stay tuned for updates on this)...

But local sentiment has turned against it and we are trying to pass legislation at our voting day in March to only allow STR in owner occupied SFH or SFH with an ADU or a duplex that is owner occupied for at least 3 months of the year.

Part of this is due to legislators that feel credit scores discriminate against minorities, just like criminal records.

More and more areas are adding STR bans.South Carolina has legislation in the works to prevent local STR bans in SC.

The legislation for short-term rentals that's been coming down the pipeline in a lot of cities doesn't help, and longer term isn't as profitable. 

Rent control is legislated cage match between tenants and landlords.

Have you looked in to local local legislation?