One thing about America is there is always some new government program if people really do need help paying for a place to stay and I am sure between you, the renter, and the millionaire putting heads together this tenant can find a new roof over their head without you having to feel obligated to be so far under market value.  

Contact the county and find out about any building regulations and if there are any STR rules in place.

Only accredited investors can invest in funds (wrong - only accredited can invest in 506c but regulation a+ and CF allow for non accredited investors).

Many cities have regulations on where STR is aloud, and isn't.

Because we have been in such a long, positive economic climate (some of which as been propagated with unusual government influence) I think the downturn will be longer than the average down turn.  

Here's a link to the actual story on the meeting:https://www.citizen-times.com/...Here's a good link to NC's rules on STRs, which essentially says they can zone them in/out and regulate them like any other business but cannot require permits or licenses:https://canons.sog.unc.edu/202...

I wouldn’t have thought to inquire about potential assistance programs and regulations that could come from it when it comes to increasing rent.

If you have a Short Term Rental in Missoula, or know someone who does, the city is planning some pretty significant changes to the regulations, including limiting their numbers, multiplying the fees by 7X, and many more.

You may choose to avoid the entire west coast due to rent control, heavy regulation, or Tenant-friendly laws.Look for cities with projected growth, affordable housing, and the kind of tenants you want.

However, we still have a declining economy and people may tighten their purse strings if things don't turn around soon.On top of that, our government may choose to "fix" problems with more rent regulations.You can make money in any market.