These condo complexes have been used as STRs since inception so there's little to no chance of that ever changing in the future making this a safe investment in terms of changing regulations.

That supply bump has leveled out since 2023 and in 2024 we are starting to see metrics creep back up, albeit slowly.On the regulation front, the City of Columbia passed and reasonable regulation for STRs in city limits as of 10/1/2023. 

Demand for housing in Bali exceeds availability, and favorable construction costs, salaries, regulations, and taxes make Bali an attractive destination for real estate investors.As @Benjamin Werner mentioned owning property in Bali works a bit differently than you probably would expect.

Here’s a step-by-step guide to help you through it:**Understand Local Regulations:**First, you need to check with your local city or county to see if the zoning laws allow for this conversion.

Educate Yourself ContinuouslyMarkets change, financing options evolve, and new regulations emerge.

Check your local ordinances for regulations in your area.

The actual insurance premiums in PA are regulated by the state with some exceptions (most notably approved attorneys).

It’s also important to be mindful of local regulations and how they impact MTRs, as Cleveland’s neighborhoods can have different rental rules and demand.Let me know if you need any more specific details about Cleveland’s MTR market!

I know there is a lot of regulation surrounding their listings. 

Also, there is the issue of the legal ST rental regulations, which can be an advantage compared with the US or not.