Two things on your analysis: 1) What are your monthly operating expenses? 

The real estate and lease the property to an operator.  

How are these changes playing out in your day-to-day hosting operations?

Quote from @Nicole Heasley Beitenman: I'm coming up on my first year of operating an MTR.

Suppose new companies do not establish operations in your investment city to create replacement jobs with similar pay.

Do you have a track record of purchasing and operating real estate on your own?

Verify with the city.Personally it makes no sense that an LLC would be able to operate without being onsite when it is required.The only thing that sticks out is the grandfathered in statement.

I made zero profit from operating the property. 

.✅ HVAC System – Ensure heating and cooling systems are operating efficiently.✅ Electrical – Identify faulty wiring or outdated equipment that could be a safety hazard.✅ Plumbing – Detect leaks or hidden damage before they escalate into major expenses.A small investment in a home inspection can save you thousands in unexpected repairs and help protect your bottom line.Do you get a property inspected before making an investment decision?

This was the assumption we operated under until December 2023.