What are the regulations around Joshua Tree? 

Double-check local regulations, but you’re likely fine without one.This post does not create a CPA-Client relationship.

Still learning to use this platform:) To answer your question, I would like to stay clear of the metro and national fly to markets due to their volatile ST regulation structure. 

It wouldn't make sense to choose a city where you'd spend significant time and money battling regulations just to conduct normal business operations.

It is helpful to know that many HOA’s don’t allow STRs…I am also trying to source information about the STR regulations in this area to target the right small house.  

However, structuring this in a way that complies with tax law would likely require expert legal and tax guidance, as it involves partnership agreements and IRS regulations.

Plan your house hack by running cash flow estimates, checking rental regulations, and planning for FHA or Conventional loans.

To maintain true independence, I think a strict subscription model is the better way to go.

But that renter was very easy going and the rental laws were less strict back then than now. 

However dependent upon taxable income you could get away with a pretty low tax bill due to favorable capital gains tax rates.Be sure to work with a qualified intermediary and a tax professional to ensure you comply with all 1031 exchange regulations and to be sure you keep basis correct as all a 1031 does is defer your gain.Happy to help run some numbers or do some basic analysis for you if you would like.