Yes, Chicago has strict regulations for short-term rentals, including mandatory registration and zoning restrictions.

if not, you might be restricted to more passive options. 

After about 2 weeks I took off the pet restriction because I read other reviews that highly encouraged it.

Tenant Turner doesn't integrate with video monitoring and their questionnaire to prescreen showings disqualifies for service animals for any pet restrictions, I think I remember.  

Best practice is to operate as an MTR and backfill with STR guests because if you open up your calendar to STR guests without tight restrictions, you're an STR.  

Study HOA documentation prior to purchase as rental restrictions can limit the usage as an income property, especially when HOA is non-cooperative.

If anything that might restrict building but I don't see them running out of water for existing homes so wouldn't that mean home values going up because supply would be restricted.What kind of climate risk could occur there?

Important - Make sure you know the local restrictions (if any) regarding STRs.

Many hoa's have restrictions / limits to non-owner occupants allowed in a community / building.

Notable changes in 2024 for Virginia:- Amendments made to the Virginia Residential Landlord and Tenant Act relating to restrictions on fees charged to tenants.- Enhanced Tenant Rights and Responsibilities Statement.