Systems.

STRs have unique tax considerations, so setting up the right systems early will save you headaches down the road!

Insurance is suddenly dropping me due to the buildings not having a sprinkler system.

Legal and ethical implications: Agents engaging in such practices may face:Legal consequencesLicensing penaltiesEthical violationsThese actions ultimately harm consumers by restricting options and potentially inflating costs.The new system, allowing buyers and their agents to negotiate commissions directly, promotes transparency and fair competition.

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod

They have to surmise some valuation - people in divorces, bankruptcies etc need valuation on unique properties all the time. 

@Patricia Andriolo-Bull, not sure if they've iterated the system since you did yours, but now there's a button for downloading the filing transcript (a PDF containing all the info that you submitted). 

Look for places that have had restrictions for a couple of years and have a more stabilized rule system.

What do you recommend for hot water leak alert system?   

This type of transaction will take years to go through the legal system most likely and if the sponsor is put out of business recovery will be non existent.