Yes, there are many out there that do it and nothing bad has ever happened, and that's great, but I just would never do that. 

@Jacques Caspi Treat it as a business the second it's yours.

Had someone dating his daughter and they did something bad.  

Obviously this could happen anywhere but I know it can be particularly bad for landlords in certain places like mine. 

Of course the goal should be on the first page by anytime but that is usually bad ROI since the price is the biggest factor on the rank.

While @Phillip Austin mentioned Raleigh is a higher returns its just very much a appreciation market, you will not find rentals that cashflow, so depending on your goals its a good or bad market.

Like Drew, I run a PMC, and I can say that most of our clients either had a bad experience with self-management that was costly or frightening (evictions, crime, etc), or they just live out of state and want the peace of mind that knowing someone can physically be at their property within minutes provides.

I'm looking into 1/1MF, 2/1MF for now I feel bad about one property that I missed out on due to procrastinating.

I do not think they regulate this strictly on other industries like food service, or even medical.Sounds like the mayor or city planner or someone "important" had a bad stay at a STR somewhere.

That would almost always be from the same lender who has a 1st AND 2nd on the property and they are just fed up with the owner and are taking the opportunity to get out of a bad situation entirely.Sorry, it's complex enough that it isn't a 15 minute class.