The government does. 

Fannie and Freddie are the government sponsored enterprises- conventional loans are underwritten to their guidelines. 

https://louisvilleky.gov/government/housing/lead-safe-louisv...

Quote from @Mitch Davidson: I haven't rented to FEMA, but I have rented to other government entities without issues.

Exchange rate is favorable too and the place is also well connected to other European cities.

It seems the only people who actually got loans from them were PPP loans from the government during Covid.

If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.

My wife and I chose to write down our own rules for both our marital property and our estate, so that it doesn't go to whatever wacky CO law governs distribution of wealth.

This way you always should have cashflow coming in and consider renting to section 8 for a government backed rent check. 

All of these things indicate the basic groundwork for an STR industry supported by local government, and we do expect future support to continueThe highest demand areas of the city can be found South of Veteran's Memorial Pkwy.