Understanding local laws, tenant regulations, and tax implications is also crucial.

The situation in VT with regulations is just terrible right now.

My two cents would be to start with a solid business plan that accounts for phased development.Also, even though you're outside city limits, keep an eye on county regulations.

Quote from @Gene Hacker: Welcome. 

So all of the neighborhoods in Cleveland will have the same rules and regulations.

I get being annoyed by the constant adding of rules and regulations from the site, it bothers me as well, but frankly, anyone who wasn't already meeting these guidelines with their messaging shouldn't be hosting anyway.

now that we know this companies name I suspect some of the SC agents will turn this company in and ask how they can do it while others cant/wont.Jay, do you see all of this regulation as cleaning up the swamp of fly by night wannabes  and resulting in greater deal opportunity for those with the capital, knowledge and experience to comply and profit?  

Some have lots of rules and regulations and are only in it for the education fees.

However, the short-term rental market comes with added complexities like managing turnover, dealing with seasonality, and ensuring you comply with local regulations.

Nashville, IN is known to have rental restrictions on STRs in the area, so I would double check the regulations.