There is an Hoa that requires minimum 6 month leases but that was only restriction.

We could probably push it to 70k income, but we take all of the good holidays for ourselves, and we have occupancy restrictions to lessen wear and tear on the property.

The RTP in RTP(no pund intended) will tighten up, this is an excellent market.

If anything that might restrict building but I don't see them running out of water for existing homes so wouldn't that mean home values going up because supply would be restricted.What kind of climate risk could occur there?

I don't have any restrictions on pets with the exception of 2 things: no dogs under the age of 1, and breeds listed on my insurance policy that are not accepted. 

Yes, Chicago has strict regulations for short-term rentals, including mandatory registration and zoning restrictions.

Downside is that there are many restrictions and laws to navigate. 

The worst thing is that states and municipalities are using wildly inflated data that AirDNA and their ilk are pitching to create more and more restrictive zoning laws based on the perception of windfall host profits, further creating challenges to supporting our mortgages in a region with an already long 4-6 month shoulder season.

I'm wondering if the same lenders who financing STR's would consider Padspits.You may want to check this, but I would imagine that renting via Padsplit would be considered as a STR which have been highly restricted in the city of New Orleans, and the only way you can get a permit recently is to also live in the property.

Many hoa's have restrictions / limits to non-owner occupants allowed in a community / building.