Do you foresee any legislation coming that would prevent STRs in the area?

The only way I know of is through a qualified opportunity zone fund- although that tax deferral expires in 2027 - unless future legislation extends it.

Basically the more LLs do stunts like the above the sooner legislation will be enacted to corral such activity.

The most critical piece of legislation narrowing the scope of acceptable telemarketing practices came with the TCPA of 1991, which amended the original Communications Act of 1934.Unless recipients had given prior consent, as of 1991, companies wishing to employ mass texting or calling had to heed the following restrictions:● Calling before 8:00 a.m. and after 9:00 p.m.

Tips:Texas recently passed new legislation concerning wrap lending.

That said, in Washington, with the changing legislation on tenant payment, leasing, renewal and notices dos and donts keeping compliant can be worth professional help on its own. 

See here for the most up to date info I have found:  If you haven’t been following the news around SMS (text message) marketing and cold calling, there is some serious legislation being passed, and new protocols being implemented by carriers that you need to be aware of.If you do not take time to educate yourself, you could be facing a massive drop in response rate (best case) and very large fines and lawsuits (worst case).In this article, you will find everything you need to know to stay compliant while navigating the new rules of outbound marketing as a real estate investor.The Ultimate Guide to TCPA Compliance and A2P 10DLC Regulations 

although this property may ultimately be 1031'd, the split in equity in the house between my wife and her parents makes the sale quite messy. we feel like we need to divvy up the proceeds in a manner where we would have to assume the tax bill since legislation can always change and the 1031 benefits and step up in basis at death isnt always guaranteed.Thanks!

I wish the our local legislative would listen and work with landlords, but they’re only treating us as the “enemy”.

Id say an investor friendly agent is also a realtor specifically being a part of lobbying for landlords rights through being a major investor, a local public policy committee member, taking advantage of the doors that the associations open to speak directly to legislators.