Local regulation can kill STR.  

Add in regulation is hitting this industry hard from not letting landlord's evict tenant's to rent freezes..

Do they follow regular rent regulation/stabilization guidelines?

A common big expense is undetected collapsed sewer connection in older buildings, roof of course, AC & Heat, increase in property taxes, and on and on.If the presidency changes hands, taxes and regulation are promised to escalate & I don't think your cash flow is sufficient to deal with it.

She agreed to the terms of the lease and the rules and regulations put in place. 

I have done Airbnb on a lease in LA before. 2018 through 2019 before the new permit regulations kicked in November of 2019.

Regimes change, regulations and tax structures change, laws change.

As a SELLER I have to say I hate that there is such MLS regulation that specifies, at least w/ every MLS I worked with (many), that once a property goes under contract MLS statues needs to be changed to "Pending" or "Contingent"Am I the only crazy one here who is annoyed by it? 

Yes @Michael Baum thanks for the info on the str regulations, definitely familiar with them.  

@Vijay DasariLook up your licensing rules and regulation for your State to become a 'licensed' real estate agent.