We're also super picky about tenant vetting, and will wait until we have a solid, reliable candidate rather than just getting bodies in the door.

I think, at least in my experience, the regulatory environment for Airbnb/Airbnb-like renting is all over the map in New Jersey, ranging from acceptance (like in Jersey City, Newark), to banning (like in neighboring Union City), to neither banning nor permitting it (much of the rest of NJ).

Been following them for a long time on BP and my comments above absolutely  do not apply to them.I know that REITS, because they are available to the general public, aren't as sexy or may seem less sophisticated than private placements, but with the amount of regulatory scrutiny, mandated audits, compliance requirements, board of directors, etc., the chance for widespread fraud or shenanigans goes ways down when compared with private investments.

A supportive regulatory environment will encourage investors and non-investors to enter the market. 

Yes, he does gloss over or ignore regulatory aspects.

Again, you have no body else to pursue because you bought via quit claim.

I don't want to answer questions at 11:30 p.m. on a Friday, or deal with upset neighbors or regulatory bodies or cleaners or handymen or keypads gone awry, etc, etc.I had a property manager tell me that I have a few big faucets, and he has a bunch of tiny faucets.

Remember with regulatory fines, you are guilty until proven innocent, and not the other way around like in a court of law.

Banks/financial institutions/servicers have regulatory bodies that hold them accountable for the proper and appropriate servicing characteristics of their portfolio.

Is there a certification body that checks your financials ie income and net worth and you get certified?