Don't get fooled by the PR angle of "public safety", requirements are minimal other than providing established business with regulatory capture.Given the real incentive you see why cities will play ball with AirBnB but not Uber.

Any legal/regulatory barriers?

Lots near a main station have gone from R1 or one house on roughly a 50 x 150 lot up to unlimited density if you follow guidelines on setbacks, parking, landscaping and stay below 60 feet total heights.  

@Joshua Houchins  Hi - the lot is not landlocked, it has less frontage than the required amount and the setback requirements in the zoning district when offset from the property line leave no buildable area.

that is not a lease option, that is a financed sale in the eyes of the regulatory agency's.

I can brush it off and move on.. but others could be set back years ... and or end up with stress related illness's or extreme marital discord.. the blow back on this type of thing can be pretty serious other than a deal gone bad.  

Then I found out I can see it online for free:http://realestate.yahoo.com/- or, locally -http://www.utahrealestate.com/And if I wanted to know more (for instance, to see AGENT-ONLY stuff) I could just call one of the other Realtors in town who'd be happy to help me.Now I've got a great Realtor and after seeing the regulatory pressure he is under (always afraid something creative is going to cause him to lose his license) I definately do not want to become a real estate agent.

Be prepared for challenges and setbacks, course correct when needed, and keep working at it.

Maintaining a strong online presence, optimizing listings with eye-catching photos and compelling descriptions, and adjusting pricing strategies to remain competitive are crucial tasks that demand constant attention.Additionally, property owners must address the legal and regulatory landscape surrounding short-term rentals.

Mainly because as was mentioned I don’t want to become over leveraged where the slightest thing could cause major set backs.