In our fiat system, supply is regulated by the Fed, and printed by the Treasury.

I have some auto-denials in the "review phase" based on landlord reference such as numerous late pays on rent, numerous documented lease violations, and move-out damages exceeded collected deposit... but still have yet to enter the "landlord reference/review phase" of my screening process due to the details on their CBR's as noted above. 

You do have to deal with more regulation, which is the cost of doing business in CA.

However, the short-term rental market comes with added complexities like managing turnover, dealing with seasonality, and ensuring you comply with local regulations.

Be prepared to followup numerous times.Highly likely the owner will treat your letter like junk mail.

Nashville, IN is known to have rental restrictions on STRs in the area, so I would double check the regulations.

@Jared Pinkus what are you seeing as too stringent regulations for STVRs in Dells?

I've received numerous different feedback but would like a direct answer to make sure I understand how the process goes in transferring a RE license and Broker license to another state. 

So I live in CA and the laws and regulation here can be crazy.

In fact, according to a recent study, regulation “imposed by all levels of government accounts for an average of 40.6 % of development costs (NAHB, O’Leary).”