What kind of property?

If both parties are unrepresented, and you just make the connection and want to charge either or both of them some kind of consulting/admin fee, that would conceivably be allowed...if your broker allows it*, and the if fee is paid to your broker.The customer always pays the broker, and the broker always compensates the agent - you can not be paid directly by the customer as a sales associate.

Other than learning my lesson in going in on these kinds of deals, what are my options.

That's exactly the kind of feedback I was looking for in terms of, I wouldn't have thought of the 2 bedroom having a rent cap but that makes total sense. 

Or maybe the better question is, which states make it the easiest to do this kind of business?

Tulare quiet rural and less populated takes a special kind of end buyer and finance alterntaives.

Seriously though, I wouldn’t say this is stopping me, Im just kind of stuck on this part.

I think these kinds of changes are fascinating for us to watch for and take advantage of as investors.I found Jay Hinrichs experience in Charleston very interesting.

Something better always comes along.It's kind of like dating. 

Landlord / tenant laws here in MA are so wildly in favor of the tenant that you should be sure you understand them before buying that kind of investment.BTW - look in the "events" section.