In fact the early signs of the governments crack down are showing up in the tax code.  

I hear some states crack down on wholesalers pretty hard.For example, even if you're not wholesaling and you're buying the property for yourself, you need to make sure the seller is aware you are a licensed real estate agent, and you must tell them he/she is selling their property to you at below market value, show them comps of the actual value, and have them initial the comps so they understand what they are getting into.

Pursuing these short sighted methods is good for those who think wholesalers need to have regulatory crackdowns though.

There is a crackdown happening with regards to RVMs and SMS marketing.

The states are really starting to crack down on unlicensed activity..

Be careful with starting to crack down on late payments.

If you do, you will find that it's hotels and the hotel industry that's pushing for these crackdowns because they don't like the competition.  

In my neighborhood, our HOA is seriously about to crack down on the parking because absentee landlords and allowing students to share rooms.  

I can't wait until they finally crack down on their illegal trade practices.As far as a bubble.... inflation, interest rates, shortage, people getting loans who shouldn't be " airbnb" "investors", and a shortage and the fact that no one is working.... yes, it's here. 

Our current project is estimated to be 15%.Just a note, there is a directive from city council to crack down on unauthorized suites where as in the past there were dealt with on a complaint basis, now, they have a department (albeit immensely short staffed) dedicated to the task