@Edgar PerezGo with a sober house, zone it as a lodging house to circumvent any state regulations that may dictate what you can and can’t do.

If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

I got a good deal on the house, but do not want to invest in it if I would be out of compliance with renting regulations.

You have understand each community, culture, environment and how to screen for the right tenant.

If you've never renovated anything, it's silly to think you can just buy a home, flip it, and do well in this environment.

Biggest pati le is getting approved from VA and bringing property up to regulation.

Per fair housing regulations, I can't answer this question. 

You're absolutely right—some investors still flock to cities like New York and San Francisco, even though these places come with more tenant-friendly regulations.

Its seems many pros are burying their heads to the regulations or not thoroughly understanding how to interpret STRs in the tax code (the transient rental rules etc).

I loved being a landlord and felt good about it, but since its gotten to be so regulated and anti- landlord here, its best I get out.