Curious if there are whispers (or shouts) in Columbus about the same I go to city council meetings almost every Monday and they are extremely developer friendly and new construction friendly. while there is pressure, I don't think it will ever happen. columbus wants to see economic development and would not place legislation that would restrict the free market in my opinion. right now they are doing the opposite and redoing there zoning codes to allow for higher density and higher height as well as parking reductions. just google "zone in" columbus and you'll see. there's a lot of articles about it. 

The property is located in a business district and does not have residential district restrictions, so I think STR is allowable to some extent.

Obviously you'll have more restrictions on the condo/townhouse side rehabbing, so thought I'd call that out so that you can plan accordingly. 

However, I was informed that the property is zoned as residential, and I need advice on how to proceed.Are there any legal or regulatory ways to overcome this zoning restriction?

There is no way I recommend selling unless the HOA starts being too restrictive. 

No HOA or any restrictions I can think of.

After establishing this, the next most important aspect of this land would be its zoning and restrictive covenants.

One attractive factor for me is the recent announcement of the tallest tower planned to be build by 2030 that was recently approved with  no height restriction.

@Doreen LinderHappy to connect and discuss the local rental restrictions for STR's on the Gulf Coast.

Answer these two questions correctly and — absent any major shocks — the market picture for 2024 starts to come into focus.Real rates have tightened materially into restrictive territory and will weigh on economies through this year and next.