Ramsha - most of the regulation for a STR is controlled by the neighborhood HOA.

Go learn how to be nicer or go play in traffic!

No, you'll just avoid some areas, like you would in Mexico.Clearly, if the violence would get out of control and too many accidents with tourists happen, the growth in tourism could in theory slow down but it is nobody's interest that happens, including the drug cartels.

Have a bit more control of my time. 

Do you have control on the management group/rent price? 

They cannot arbitrarily make wild gambles because they feel like it - they have to operate within established risk parameters that are approved by several regulatory bodies and internal controls.

Placing your own tenant takes longer (usually 3-4 months with inspections), but it gives you full control over who lives in your property, which is a huge plus in my book.

State income taxes: Here's a map showing state income tax rates.Low crime: Avoid investing in any city listed here: The Most Dangerous Cities in America, Ranked.I will add one more location considerationNever buy in a city with any form of rent control.

Condo's are ill advised for investments because you possess far less control.

A quality deal you have control (under contract, seller only wants to work with you, etc.)3.)