California, Nevada, and Idaho have statues that regulate intermediaries and protect consumers from theft who want to do a 1031 exchange.

Apparently, organizations who take deposit, i.e. banks, have much regulations placed on them somehow. 

Sometimes we are required to use a BPO depending on the regulator or the investor.

The most important thing to be careful with is fair housing regulations.

But make sure you check the local regulations regarding STR's to see what might be a favorable market. 

But biggest issue is no transparency, as the slippery slope of regulations may come swiftly@Mark Futalan are you looped in on some of the changes in la Quinta as well?

just be careful of running afoul if SEC regs or something that you don’t wind up with a regulated fund or syndication.  

Are there new regulations expected to be past soon?

As we continue in the pandemic, you risk legislation changing that is outside of your control With rules and regulations, it already will take time to give proper notice and move the tenants out, even if you start from day 1.

LA County is very, very likely to increase taxes and regulation.