Not following the requirements (within Seattle city limits will likely have additional rules and regulations) opens the seller up to liability.Additionally, the seller always has the option of offering "cash for keys" arrangement but be sure that no funds change hands until after the property is vacated and locks are changed.John

Being from illinois, I do get a kick at how much regulation goes on out there in tennessee - where people give me guff about how our local politicians here are so intrusive. 

I find trying to slog my way through government regulations to be a bit overwhelming.

It will help raise wages and is better for the environment.  

Additionally, make sure you’re familiar with local property laws and any regulations that could impact your investment.I agree with @Jason Wray that you can easily find a cash flowing deal under 200k. 

You can afford to pay a bit more if rates cool down.We need to also remember that BRRRR become a really hot topic in a low interest environment.

In the current environment, it might make sense to rent for a year or two before you commit to a purchase.

Thanks for responding.The model's income right tokens may be subject to a number of SEC regulations. 

Ramsha - most of the regulation for a STR is controlled by the neighborhood HOA.

I love researching good companies with good growth prospects and a long horizon to allow for compounding of value, much like finding a good property in a good area with good long term demographics in a friendly regulatory environment etc to allow for capital appreciation.