Understanding local tourism patterns can help you adjust rental prices.STR Regulations: Many cities are tightening regulations on short-term rentals, which could push more property owners to offer mid-term leases as an alternative, increasing competition in this space.9.

Others may be able to assist with the Indianapolis specific regulations but most investors focus solely on cost when qualifying and selecting their contractors  but that’s a short sighted approach.

Also, they know things about where you are working...Keep in mind that your municipality will have codes and regulations as well that can be hidden costs. 

There are paths you can take with regulators to escalate, but being in the business myself, I generally view this as an option of last resort, and really it can only be done if you were flat out lied to and/or there is legitimate fraud taking place.  

Alternatively, convert your first home into a short-term rental for higher cash flow if regulations allow.

I understanding is the TN has some crazy rules and regulations that complicate this process. 

There will likely be local regulations that will dictate the maximum late fee that can be charged.

So, I’d dig into the numbers before making a call.Local zoning and code regulations: Converting a multi-family property to a single-family unit might require permits or specific approvals, so check with your local building authority to avoid surprises.

, but they’re planning to enforce regulations more strictly in 2026.

Often times there are bedroom size requirements, residential sprinkler system requirements, among others.You'll want to then check the state regulation agency and review their requirements and licensing process.