I mean you KNOW the laws..

Quote from @Marc Zak: Anyone have experience on the issue of getting insurance on a property held in an LLC?

Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement.  If you live in the home for 2 out of the past 5 years and move out of state you ma...

I do agree the lack of control is a potential issue.  

A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion. 

Thankfully I have no property in NY.I loved this quote which shows just how clueless people are about housing issues:“Housing instability is at the root of so many problems facing our city, such as exacerbating homelessness and hunger, failing to meet our children’s educational needs, and undermining public safety,” said the CWTU in a statement.

Tax-Exempt Bonds: Tribes can issue tax-exempt bonds for certain types of developments, reducing financing costs.Challenges: Projects often need to be structured as joint ventures or leases with the tribe, and compliance with tribal laws and federal rules is critical.

OK I do have a little expertise in CA on these issues..

The PM should be an expert on state law, and they should have policies and procedures in place to handle these situations.

I want to share my experience with Jenny Yi, an STR designer in case others have had similar issues.