The idea (yours) is great - vacation rentals could be absolutely killer in Napa, and I would jump behind that investment today if it were legislatively feasible.

http://www.elections.il.gov/districtlocator/addres...The entire bill:http://www.ilga.gov/legislation/99/SB/PDF/09900SB2837lv.pdf

However, the the companion Texas House bill, HB 2551, was left pending in committee at the end of the latest regular legislative session.

Some municipalities have also passed legislation not allowing short term rentals etc.

Where I am, there is legislation in cases of domestic violence as to letting people out of leases early.

The deal must be reviewed by the city to be allowed to move forward- currently highly overvalued market by all metrics, price to income etc - low appreciation and returns compared to emerging EU member states and US(most RE companies offer annual returns around 10% (minus high taxes) for high risk speculative investments)- extreme anti landlord legislation Basically, if you love France and want a secondary residence sure go ahead, but otherwise, given the number of attractive alternatives available at the moment, i don't see any valid reason to invest in France unless you are french and unable to invest elsewhere.

Check your local legislation to see if you have any provisions for a long-term tenancy, whereby the tenant inherits additional rights if their tenancy exceeds a given duration.Also check to see if Roomers/Boarders are afforded the same rights and obligations as tenants under local tenancy law ... until 8-10 years ago, roomers/boarders here were not covered by the Residential Tenancy Act and did not have the same rights and protections as tenants.

I understand that the best way to stay completely clear of violating the equity skimming legislation (RCW 61.34 I believe) is to not work with any owner occupied properties.  

This piece of legislation takes away the controversy as to whether private property owners are allowed to rent out their home, as they see fit, on a short-term basis.

(We thought we would be able to rent the in-law to tourists, ala airbnb, but SF has shut down that option.)SF just approved legislation to allow in-law units to be legalized, but the actual process to follow through the building department has not been defined yet.