Further, you must be admitted to (or employed by) the company that is selling the securities, as the securities exemption being claimed, usually Regulation D, Rule 506, only applies to the “issuer” of the securities. 

There's a bill in AR that hopefully will get passed which would stop local municipalities from enforcing regulation on STR.

Deregulation Push: Streamlining housing development regulations and approval processes2.

Hi Aidan, I’m a real estate agent and investor, with over 6 years of experience in real estate investing.After relocating to South Carolina about 2 years ago, I obtained my real estate license and have been focused on learning the local markets and regulations.

Or is there a regulation that you can only STR (less than 30 days?)

Today was a month since notice so i called local court and figured out paperwork to file. while looking through bank statements i realized that he has been zelling me random amounts for rent since august and i learned today that if he makes even a dollar payment it voids the eviction process because i "accepted partial payment" according to some regulations in arizona.

Tax benefits and local regulations may affect these investments.

HOA's can be a negative so be sure to check the HOA regulations to see if they have any rules around 30+ day stays.

Add to that insurance costs, etc. and it's not looking good.However; what Trump can do that will help is to cut out some of the environmental regulations, etc. that drive the costs of development up. 

Did they follow the Treasury Regulations above, IRC 469 and IRC 1402?