Your first priority should  be compliance with federal and state lending regulations. 

. - Expertise in local laws and rules: Investing in real estate is hyper localized not only for value and potential but in rules and regulations.

Just remember for every glamorous flip or lucrative rental, there’s a puzzle waiting to be solved, sometimes involving old graves, sometimes involving new regulations, and always requiring creativity and patience.So, the next time you’re having a bad day—your contractor didn’t show up, a deal fell through, or you just discovered your property has a surprise pool—just remember: at least you’re not trying to figure out where the bodies are buried.

Hey everyone, I talked to a laywer the other day that told me under new federal regulations you still have to release the names of the stakeholders.

The HOA might encourage swift action, but the authority usually lies with the city.PS: Texas counties have more power over land use regulations than cities in some cases, which can influence how properties in rural areas are managed after a disaste

However, I do know septic inspections and repairs are more documented and regulated. 

Any regulations or risks I should be aware of?

Permittable bedroom count is going to dictate your max occupancy load per the myriad of local regulations.

Crime is on the rise, property protections for landlords is nearly non-existent, and development is leaving the area for more favorable regulations. 

@Daniel Windingstad someone else mentioned Florida, I'll just chime in and say Florida is probably not much better for cash flow unless you go C/C- properties, but regulations probably are better than your current situation.