North of Austin, the county regulations say you don't have to do it IF you're only doing residential, certain lot sizes and limiting the impervious cover of each lot.

Consider not just the purchase price but also renovation costs, property management fees, and local rental rates.Consider the Property Management Aspect: If you’re not planning to manage the properties yourself, finding a reputable property management company is essential to ensure smooth operations.Stay Updated on Local Regulations: Familiarize yourself with rental laws and regulations in Detroit to avoid any potential issues down the line.Feel free to ask any questions as you continue your journey.

Rental and eviction procedures?

Are there extra steps or regulations I should know about?

I'm very surprised that the government has no regulation on this!

@Josh LemonsThey have a regulation A offering which is open to accredited and non accredited investorsThe great thing is they have to submit their offering circular and have it qualified by SEC as well as submit financial information etc.All this means is the information is readily available and if you do not understand it then I recommend engaging an attorney who can interpret it.

It's quite ironic when you think that Tulum has regulations preventing from building more than 3 to 4 story highs and from building on 40% on any buildable lot.

@Joel Wilmoth is a local PM   And and there are others just look through all these threads there are 3 or 4 that have taken an interest and will help.. also if you really think you have been wronged here and its your lifesavings you certainly should let the state of Indiana regulators know what's up its free. 

It's successful in high-cost markets like Southern California but faces challenges like high entry costs and local regulations.

DFW AirBnB is getting expensive to operate and find good deals due to all the HOA regulations that are being implemented..If the property won't cash flow in LTR, then your option is limited to listing it, but I don't exactly know without looking at the numbers, as you can figure out some month to month strategy to lease the unit for a while.One thing that I always tell my clients is that when you are doing AirBnB or any STR/MTR, you are entering into the hospitality industry.