You'll then see the formation of FDIC and FSLIC and regulatory differences the secondary mortgage market system of mortgage backed securities.

This means the fees aren't actually excessive, just reflecting a new equilibrium (market clearing) price (which may make some buyers unhappy).A 4th possibility: The government will act to 'defend' tenants, imposing price controls or other regulatory barriers to a market clearing price.

To me, it's just important to consider what your short, medium and long term plays are and to understand that STRs continue to have new and untested laws, which can still benefit you if you are okay with the shifting and a little regulatory insecurity. 

If the pressure is high, that means your regulator is probably bad, but more importantly it means you're about to start blowing valves and seats and flappers all over that building.

Because he is essentially a lender and he is getting into volume he probably has some additional regulatory hassle to deal with. 

First of all,  your expenses are going to be perhaps 30% more and it can suck your really suck your time on a long-term basis unless you're willing to spend a lot of money to have others manage it and you are facing a lot of regulatory  and rapidly growing competition  that can drive down your future earnings.

I'm not a broker, not licensed, not a regulator, I don't care.  

With that said, there is probably some form of existing regulatory format regarding ¨B&B´s¨, or other ¨Short-Term Rentals¨ even if they´re not currently referenced with any Airbnb distinction.

Over the past couple of years most title companies have stopped doing double closings, either due to requirements of their underwriters or in some cases state regulatory agencies. 

:))Definitions do exist in the regulatory world of finance, a private lender is based on the exemptions in the Securities Act and banking regulations as to the type of lending that may be accomplished without regulatory oversight or compliance with institutional requirements.A private lender must conduct their lending activities within the scope of the exemptions, if they do not then they default to another lending status, usually to a broker or a lender lending to the public.All of the exemptions must be met to identify a private lending status or activity;Personally Known: This includes family members, persons known by the lender through past social or business dealings and the past interaction of the parties must be significant, not just someone you met last week at an investor club meeting.