I do regulatory churn through workers, brokers, and others because they get greedy and don't want to work that hard.  

Typically the variance is for a bulk restriction such as a setback issue.  

I have never encountered this kind of regulatory state overthink in my 25 years here. 

Then, as far as potential conflicts of interest, it's imperative for syndicators to adhere to regulatory standards and maintain transparency in their operations.

Remember, the system itself is setup to force persons into the licensure and regulatory measure, work-arounds are not well received, and actively worked to be "plugged".

Consider how each option aligns with your goals for passive income and wealth building.Lifestyle: Consider your lifestyle preferences and how each option aligns with your current and future plans.Risk Tolerance: Evaluate your comfort level with the potential risks associated with each option, such as market fluctuations, property management challenges, or regulatory changes affecting Airbnb.Financial Adviser: Consult with a financial adviser or real estate professional who can provide personalized advice based on your specific financial situation and goals.Ultimately, the best option for you will depend on your unique circumstances and priorities.

We've analyzed many of traditional vacation rental markets in the US and the Smoky Mountains (Pigeon Forge, Gatlinburg, Sevier County) offers a great combination of a double digit cash flow, equity appreciation, and a stable regulatory environment.

One would still need to calculate their specific property's zoning and FAR (floor area ratio) to insure the ADU doesn't violate any setback and other restrictions. 

I would budget more conservatively in case you have some set backs. 

This includes trends in consumer behavior, technology adoption, and any industry-specific developments.Regulatory Environment:Be aware of the local regulatory environment and any recent changes in policies that may affect businesses.Competitive Landscape:Identify key competitors in the area and understand their market share.