Being law enforcement in my first career I read a lot of laws, regulations, codes etc... on a daily basis. 

For this fine piece of legislation, designed to stop money laundering thank Senators Warren and Sanders.   

This may be how the new legislation was spun up in the media, but the reality will be different.

Some bipartisan congressional legislation, like the HOUSES Act, supports this effort by making portions of federal land available for residential development.While this approach has promise, experts warn that opening federal lands is only part of the solution.

Be careful, STR are banned in the city of Temecula and fines for violators are $1000/day and can be retroactively enforced. https://temeculaca.gov/1241/Sh...

I also monitor new legislation.

However, in practice, lenders rarely enforce it as long as mortgage payments are current and there’s no added risk for them.If you want to avoid triggering the due on sale clause, the safest bet is to wait a few months after closing before transferring the deed to your LLC.

It can be exhausting trying to keep up with all the changes in local ordinances, section 8 (if you employ this strategy) or things that need to happen quickly (code enforcement / vacancies).  

Mesquite is strict on code enforcement not allowing more than 4 unrelated parties to rent the same unit. 

STRs in their current form are simply big hotels, and legislation has been slow to catch up because in their original form they were more conducive to residence (someone crashing on your couch for $39/night).