If your broker is holding the EMD, the release may be governed by state law.

People flee California due to regulations, and costs and then want to implement the same disastrous conditions in Nevada.

Hi Frank,Unless the rental is under some kind of government controlled you must pay the water laws (some areas have these),another option might be to ask for the difference plus a $10 PITA fee every month.$50 in water = $60 extra...Like if they had an argument about dinner and slammed a kitchen cabinet door and broke it...

When I closed on the property , I called the housing authority, introduced myself and told them I bought the property as an investment and I wanted to work with them to keep the current tenants but I need to increase rents and I wanted to know if the government can give them more money.They were very happy that 2 of their tenants won't be losing their homes so they offered to give me $1075 for each unit starting in March.

I will add an item to this list and believe it should be near the top of the list: what are the current STR regulation and what is the sentiment.  

@MIke Steuart I haven't done a lot in Mass. but my understanding is that if you have an investment property, and it's not owner-occupied, then if you pull a permit whoever pulls it must have the CSL (construction supervisor license).So if it's your investment property, and you don't live there but you want to do the work (or supervise others you hire to do the work) then yes you'd need a CSL to pull that permit - or hire someone who does have it.I haven't done an apples to apples comparison, but my understanding is that generally CA and HI are Democratic places with lots of rules and regulations - like Massachusetts.

We have been managing short term rentals in and around Bozeman since before they enacted regulations on them, and have close to 1,000 5 star reviews.

I see from your response some of the issues I was expecting to be the biggest barriers to entry: capital and regulations/time to get approvals.

The main challenge has been dealing with the state and other governing bodies in regards to the water well and sewer treatment plant.

The main challenge has been dealing with the state and other governing bodies in regards to the water well and sewer treatment plant.