I guess that kind of vitriol is to be expected coming from someone who doesn't even have his own picture in his profile. 

What effects would you expect to see from this legislation change?

You can definitely get access to the capital you’ll need, but set the expectation for yourself that it won’t be a cake walk. 

Did you expect it to be that lucrative when you made the purchase?

People don't read STR descriptions you see this alot with international properties where people expect US standards.

They're pretty organized, but expect annual inspections and some extra paperwork. 

@Martti Eckert here's the big issue that no one really talks about that you hopefully find helpful (this is copy & pasted):-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Start by clearly outlining your renovation goals, and follow up with an in-person or virtual consultation to ensure both you and the contractor understand the vision for the project and expectations.

Tenants know to expect them.

My take on this is to underwrite purchases based on expected LTR rents (I like rentometer and the BP's own rental estimator), but start charging 1.5x that rent for your MTR.