I enjoy interacting with other investors and helping people do better, not measure the quality of questions.

Florida and Georgia have been locked in court cases since Bush II; there are disputes over water rights from the Colorado River where agreements on utilization of flow as measured in acre-feet were made in 1800s and are no longer sustainable.

Rent control measures, burdensome employment regulations, and excessive administrative requirements exemplify this.

So to measure the risk, if you're in R-7 & R-8 it is entirely up to the local councilmember who covers the area as to whether or not they would be willing to introduce the legislation.  

@Jin ZhangI would only measure pros and cons against a goal.

In hindsight I can see all the mistakes I made but...pura vida.I do my proformas and try to calculate returns but I don't measure the value of investments purely on these terms like some others who've responded to you.

Just because a property doesn't measure up to a rule of thumb doesn't mean it's a bad deal. 

The other reason tax bills get stalled in Congress is that most bills combine multiple unrelated measures, usually serving various special interests.

I'm not always opposed to some of these measures, but I am objectively looking at how this will affect investing decisions.I agree, the reclassification of vacation rentals to commercial property is the big issue I'm watching.

Or, one the gov. loves to bring in, wire transfer illegal in whatever measure pulling from civil into criminal.