People aren't optimized so you can go in there and become top tier relatively easyAccording to airdna the returns are better.Cons:No regulations or regulations that are subject to change so str might be banned.Am I missing anything?

However, the rules vary greatly from state to state and because cities often further regulate the landlord-tenant relationship, it's very important to know the rules for your specific location.

You can't profit from reselling utilities because utilities are a regulated industry.

If you live in Chicago, this can pose some problems as it's one of the stricter cities when it comes to housing laws and regulations. 

This might be a useful skill if you partner with a wholesaler who strictly looks for the deals, while you focus on connecting with buyers.

I agree with Naples, high priced and too much regulations for STRs.

Airbnbs in regulated urban areas usually require a registration number.

@Mitch Kennedy - I don't own strictly student rentals, although some of my rentals do have students.

Every state has different laws, rules, and regulations regarding leases and other forms.

There should be some sort of regulation put in place for it.The best solution I can think of is to, I don’t know, have some sort of program or schooling where you could go learn how to fundamentally and legally sell real estate.