I think as an investor, buying a vacation rental in certain areas that you like especially is a great idea.I would strongly recommend checking, checking again, re-checking, and then checking one more time on the laws/ordinances regarding short term rentals in the area you want to target.Once you are done there, I would follow the same process on any proposed or upcoming legislation that can impact you. 

In particular I'm curious to learn more about the STR policies in the various towns to better understand which areas have more friendly STR legislation.

"Not only are some legislators (and real-estate industry lobbyists) already pushing hard for an extension of the tax credit, which will expire Nov. 30, but they’re also arguing that it should be increased, to $15,000, and expanded to all buyers, and not just those who are first-timers."

The Consumer Financial Protection Bureau (CFPB) was another offspring from the Dodd Frank Act, a legislation that is well-hated among mortgage professionals in America.

It's the Executive Branch of the government, as specified by the US Constitution, equal to the Legislative Branch and the Judicial Branch.

@Rich WeeseI am familiar with some of the onerous positions of the proposed Cap and Trade legislation.

Thanks for your input The Invisible New Mexico LLCâ„¢In 1993 the state of New Mexico adopted some of the most powerful LLC legislation that has made New Mexico a premiere choice for those seeking privacy and asset protection.

Originally posted by NC Mark:How do you legislate morality?

Originally posted by Tom Cullen:And I don't believe a single GOP vote was ever caste for any of the legislation (e.g.

there's too much turmoil with respect to legislation at the state and local level.