Others may be able to assist with the Indianapolis specific regulations but most investors focus solely on cost when qualifying and selecting their contractors  but that’s a short sighted approach.

I understanding is the TN has some crazy rules and regulations that complicate this process. 

Alternatively, convert your first home into a short-term rental for higher cash flow if regulations allow.

, but they’re planning to enforce regulations more strictly in 2026.

Often times there are bedroom size requirements, residential sprinkler system requirements, among others.You'll want to then check the state regulation agency and review their requirements and licensing process. 

So, I’d dig into the numbers before making a call.Local zoning and code regulations: Converting a multi-family property to a single-family unit might require permits or specific approvals, so check with your local building authority to avoid surprises.

Is the higher cash flow from short-term rentals worth the additional effort, or does it come with too much hassle in terms of turnover and regulations?

There will likely be local regulations that will dictate the maximum late fee that can be charged.

Legal and Regulatory Compliance: - How do you stay updated on local laws and regulations affecting property management?

Whether it's regulations on eviction, tenant rights, or property maintenance, being aware of these rules can save you from future headaches.