My goal is to live for free but would be ok with paying some out of pocket.2) I'd say I care more about the safety and transportation ability of the neighborhood. 

I would love if they'd get a stop or two.Arlington is famously the largest city in the nation without any public transportation.  

If the apt is unregulated your best bet is not to offer a new lease and/or jack the rent up.

There were no parking requirements for this project as we were within a half mile of public transport. 

Lauren is correct, renting by the room will attract lower-paid workers and your ideal property is often best suited in B-/C class neighborhoods, not necessarily within city limits but close to transportation stops.

-----------------The way I see it is that if you buy the buildings that I buy, which are under 6 Units (I only buy 2 to 4 Unit buildings) that are unregulated, you will be in EXCELLENT shape!

The NW Area of Philadelphia including Roxborough have some great markets to buy rentals (Either 1-4 Units)Some suggestions since I own in Roxborough;*Find out what you pre-qualify for with a mortgage - this will determine your buying power* Identify a real estate agent that is not just active but owns in the area (Transactional)* The property should be close to transportation (Better renter)Let me know if you have any questions.Regards,Joe Scorese

The third panelist develops work-force housing outside of the CBD area, but near public transportation centers (which is very lacking in Houston). 

Many areas that were unregulated a few years ago now have restrictions, or are shut down completely for STRs. 

The biggest potential issues are getting approval from the city, state and department of transportation.