@LeArcashei Moore not sure about the regulations in Tuscaloose but you could probably ask Brian Trippe of the Alabama REIA "AlaREIA".

Put whatever you want in the contract that you feel comfortable with and that will protect you.With the environment of raising interest rates, that is causing a downward trend on comps.Best of luck

I take that to mean an increasingly regulated environment.

The teenage daughter will be getting a job shortly just to get away from the crappy family environment.

Keep in mind each state is different also and NY has some specific regulations in different industries. 

Is anyone familiar with the City of South Euclid regulations on rental property?

Or, are you using creative finance strategies to purchase homes in today's environment?

Local Landlord/Tenant laws and applicable Real Estate laws concerning rental transactions and required licensing and handling of Client funds; Federal Fair Housing; Fair Credit Reporting Act; applicable EPA regulations; HUD rules for certain projects financed with HUD money and of course Title IX subsidized housing issues; OSHA rules for employees (office AND maintenance workers); Licensing and Insurance requirements required/recommended for contractors that you hire; IRS rules related to employees and income reporting for your Clients and vendors; accounting "best practices" for Client funds; business insurance and record keeping requirements for your locale and type of business entity, and probably a few others.

Many municipalities regulate STRs.

my personal take:fix and flips only make sense in an appreciation marketlike in CA when the interest rate is low and the market is stable.buy and hold only makes sense in an appreciation marketfor cashflow it makes sense to invest in a cash flow market only (midwest)STR only makes sense in the place where you want to have a vacation there and in a heavily regulated area.So for me, it's not about the house, it's about the market situation and location-specific.