As Sean Wagner mentioned, the city of Chicago has adopted their own regulations on charging what's commonly referred to as a "security deposit" you need to do it another way. 

Bottom line these are NOT federally regulated or state regulated loans.. they who have the gold make the rules.

Supply side is also limited by regulations and cost efficiency. 

I know there are some STR regulations, but it seems there are plenty of parts of town where it can be done.

He is the best and sells nothing.Your idea makes sense, but as you've seen with regulations, it won't work in practice for a short-term rental.I like @Dan H.'

Programs that market themselves as shortcuts often cannot replace the depth of understanding that comes from study, experience, and engagement with the legal framework surrounding real estate.Consider taking time to familiarize yourself with local laws and regulations.

- Legal and Regulatory Concerns: Are there any local laws or regulations in Fredericksburg, Virginia, that I should be aware of regarding pets in rental properties?

I am currently researching the different regulations in Ontario and GTA.

My CIty does not have a boarding house regulations or restrictions which is one of the reasons i jumped on this.

Being from illinois, I do get a kick at how much regulation goes on out there in tennessee - where people give me guff about how our local politicians here are so intrusive.