They are either already under regulation and scrutiny, are they will be too expensive for you to make a good profit in. 

I am aware of certain zoning and regulations but am looking to further my knowledge before potentially venturing deeper.

Coastal NC can be a great market, but it’s important to research local regulations on STRs since some areas have restrictions or require permits.

Local Regulations: How do local landlord-tenant laws, rent control policies, or other regulations affect investment profitability?

I did find verbiage but from another jurisdiction "Unavailable for rent means a unit whose owner has filed with the code official a statement signed under penalty of perjury that such unit is not offered or available for rent as a rental unit and that prior to offering or making the unit available as a rental unit, the owner will apply for a Residential Rental Business License and comply with any applicable administrative regulations adopted pursuant to this chapter...."

Investors can tap into this trend by building modern homes that meet current buyer preferences, offering excellent returns through sales or rentals.Investor-Friendly MarketWith fewer regulations and lower building costs, Florence provides a smooth path for new construction projects.

The final 1031x regulations clarify that nearly all building components identified as five and seven-year property through a cost segregation study are, in fact, real property under Sec. 1031.

Along with the lease saying its in a HOA, did you provide them with the HOA rules and regulations.

Finally, adhere to legal regulations and best practices to protect your investment and reputation.

Hi Grayson, with you mentioning conventional 5% down and FHA 3.5% down, it sounds like you are referring to a primary residence.Private Lending/Hard Money Lending is usually on investment property (We can do primaries but it is highly regulated & varies state to state so most refrain from it.)If you are looking to get into a flip, long term loan, whatever it may be.If you have no experience & a solid fico, rule of thumb is 20% down.Hope that helped :)