Also, new lending guidelines prevent owner-occupants from buying into many complexes that are heavily investor owned.

They purchase reinsurance, to insure the insurer (and some rely heavily on re-insurance, like I believe startup Lemonade does, allowing them to “very capital light mode”).

So if that’s the case you would probably have a standard purchase.Hopefully your building falls somewhere in the middle, where they have done some things, but not quite enough.Assuming no major structural issues, I would focus very heavily on inspecting the electric and plumbing systems.

I don't know of any such list, but you can about be guaranteed if it's a large city either STR are banned or heavily regulated. 

I've been heavily involved in the OZ program and think it'll help inject capital into the areas that need it most.

I did find one deal on the market last year that had fallen out of escrow twice and I was lucky enough to follow it since the beginning so I got to pick it up heavily discounted. 

Personally, I am heavily involved in purchasing judicial foreclosures and either flipping or renting.

Also consider that the national average, or even averages in Illinois, is heavily skewed by all of the rural areas and how low their values/rents are.

I use all liquid, listed, heavily traded investments like etfs, funds and an occasional listed REIT for the very well funded and risk oriented.  

Most of the people who hire us either have multiple units or if its just a single unit or house they work full time and do not have the time nor inclination to track all of the details needed such as making sure the unit is properly cleaned between guests, managing stocking of supplies, changing remote batteries, keeping sheets and towels fresh and most important of all being available on a moments notice if there is a problem.The platforms like AirBnB weight the guest reviews very heavily in how your property is ranked so positive guest reviews are directly correlated with the amount of money the unit earns each month.But having said all that I would recommend managing yourself if you have the time and energy - it can actually be a lot of fun!