The second type of zone is one that is loosely regulated (legal now) but where a lot of the conversations regarding STR's are still being had and could change rapidly in the coming years.

We did find a RE attorney from the Grand Rapids area that has structured a handful of similar land-contract projects and he will take the lead with the paperwork. 

When she went to the basement, she saw that the water was pouring very rapidly.

Main factors were: Tourism growth, city growth (businesses and residents flooding to Nashville) - will ride the appreciation wave long term as the city rapidly grows and expands, and year round tourism - less seasonality.

A major Coast Guard base is being stood up in N chs on the river, the port facility is booming and expanding rapidly, and N Chs offers some of the only reasonably priced developable RE with short commuting distance of the peninsula, Mount P, and the beaches.

But if these Seattle projects will, two years from now after HB1110 rules are in force, appear to have been an ephemeral thing that came and went among a handful of limit-pushing builders,  our development might end up seeming weird (which could impact both buyer appeal & financeability).I know there's no crystal ball and the State rules have been changing rapidly, and might still change further. 

Less headaches, better tenants, more rapid appreciation of rents and more overall profit, less driving… but maybe not as impressive to someone asking how many doors.

More and more we're seeing a lot of this evolution spill over into MTRs as well, especially as jurisdictions have banned or restricted STRs and those owners pivot to the midterm rental space.

Depending on the business the environment shifts far more rapidly than the housing market—especially online. 

Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.