@Eric Andersen definitely put weight into what @Michael Baum wrote and do your own research on the city regulation/zoning.

Just be sure to check local regulations because some spots are cracking down on STRs.

I would look into any regulations that might require you to have a fence around the pool as well :)Hope that helps.

Big cities tend to have more regulations, more crime, more leftist-leaning policies that hurt investors and private property rights, etc.

There waiving regulations that would have impeded it, and are trying to get additional funding to cover anyone who had any lack of coverage. 

I've consulted a few times over the years with planners and with the way I buy properties, my liquidity requirements, and my concerns about about how government overspending affects the future, makes me a poor candidate for IRAs and 401(k)s with the stifling regulations.   

membership is something like APPL which is just non regulated group of private investors working on best practices but there is no authority behind them like  state license or NMLS registration has ..

As for Alexandria specifically in terms of regulations don't take advice from a public forum - look up the laws yourself and make sure you understand them.

They may be regulated, they maybe aren't.A Credit Union is a good choice for funding.

Very good point.In the case of Arizona, I have been unable to locate any state law / code that suggests Arizona may have additional regulations.