Governmental agencies do get involved, often very late in the game and often just having the guru agree to a “cease and desist” order

Real estate can really change the game, and finding the right properties with smart financing is key.

There are several articles that do an exceptional job of explaining who, what, where, why and how tax payers qualify for the ‘STR Loophole’ listed here:The Short Term Rental Tax Loop Hole: A Game Changer for W-2 Wage EarnersThe Short Term Tax Rental Loop Hole: What Investors need to know The implications on the Oregon and California Coastal STR market is a strengthening buyer pool for luxury rentals in the $750-1.5M+ range.

.#1 NUMBERS GAME:  It's not easy.   

Nathan Roberts also on this site may have some suggestions as well. 

Played those games for years. 

Truckee has some tight STR laws and if you're in that game I'd stay.  

If you can be in the new build STR game at $800k plus, you are getting equity at close, which is a bit mind boggling. 

I understand it isn't easy, especially when new in the investing game.  

As for evictions, here is a tip from the one "cash for keys" move out we've had: don't be afraid of a little vacancy; a prospective resident with every red flag flying proudly in the wind is not a good match, even if you're new to the MTR game (as I was :) )