If funding is an issue, you do have some options.

Since Landlords are going to be monitored even more now with the price gouging issues surrounding the fires in LA, I would be extra cautious.

As long as I have a good lending option such as a low interest LOC, it will still cashflow nicely until rates get better on other loan options.Being the overly analytical type, I just keep looking for what else could go wrong after addressing all the obvious ones that pertain to any deal.

If central then if it goes out or has issues, you have 20 people calling and mad....and you're the GUY.

3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.

Regulations & Compliance: What's the best way to research local STR laws and avoid potential regulatory issues?

My neighbor has listed his but also has had occupancy issues as an STR and said that most people looking for either rooms or cheap stays but I can't comment on that as I have no experience listing as an MTR.

Good thread here because I have run into this issue. 

You've got ADA, FHA, and the Oregon Department of Agriculture issues. 

We are both nurse and plan to travel for a good portion of this time, so 'living' in the small 1br or studio apartment for residence purposes will not be a major issue for us since we will rarely be there.