•Local Regulations: Are there any important rules, taxes, or permit requirements for STRs in Gulf Shores that I should be aware of?

I have been reading thier seems to be a lot of rules and regulations.

You familiar with development/building regulations in Ontario? 

There is also some tight zoning and regulation in Whitefish.

Because honestly, at one point, I considered his offer and was afraid of the possibility that if I didn't accept I'd be taken to court and be responsible for putting my children on the street, and I can see those types of scare tactics and resulting emotions being enough to scare someone into complying with a transaction no matter how laden it is with misrepresentation, non disclosure and fraud it could be.Again, I don't know if I misunderstood the laws and regulations or not, I could be wrong.

If you’re concerned about this issue, it might be beneficial to consult with a legal expert familiar with HOA regulations in your area.Any suggestions?

Federal regulators HATE real estate investors, therefore, banks don't like to lend to them (us).

Just double-check with the Illinois Department of Financial and Professional Regulation (IDFPR) to make sure you have all the specifics covered.Managing Broker and Deal Visibility: Yes, typically if you hold your license under a managing broker, they’ll have visibility into your deals since they're ultimately responsible for the transactions you complete.

Navigating zoning regulations is critical when converting a property, especially when transitioning from a commercial space to residential use.

Collaborating with local officials and aligning the project with community needs can streamline the process and increase support.Challenges: A significant challenge has been navigating zoning regulations and coordinating with local authorities to ensure the project aligns with city development guidelines.