They have been getting more stringent. 

While there are more complicated ways to measure this, the most practical way if you care about answering the question "how much do I make every month" is just income - expenses = cashflow.

Probably no more kicking that can down the road.I would guess Miami has much greater demand for both STR and MTR than Austin, but have no idea if people measure that. 

Thus, our criteria on who we work with and sell to along with how we sell is very very very stringent. 

The same exact measure has failed two other times with largely the same legislators.

Cap Rate is nothing more than a yardstick to measure the current market sentiment. 

Airbnb is very stringent on making sure you have the proper documentation for any damage requests. 

Go into your basement and measure the height of the bottom stair that sits on the concrete.

There are safety inspections and safety measures that need to be done aside from just picking up the mess. 

A similar frenetic pace to the one that has captured the last couple of years of residential rental investment and development Nearly 20 years into my real estate career at this point, I can draw on that experience in order to have a much more measured approach to the business.