Federal law is there but the law that rules between state and federal is the more restrictive of the two..

Come on, the smart money is betting on a dip or if no dip you lock in high yield debt funds at the turn of the rates and investing in small cap areas that need to tighten to the large cap ratio wise.

Problem here is, apart from the zoning restrictions of STR, purchasing a property is extremely expensive.

Hey @Martina Su, do a search as there are several threads with tons of info.The bottom line is that there are restrictions all over the place so you should get a good realtor locally who knows the areas and market to guide you.

Some folks haven't been able to list their homes due to the restrictions of the municipality.

Are there any restrictions on re-selling it also as a subject to to a new purchaser? 

We've had a bit of an influx of interest from out of State investors turned off by recent proposed and implemented STR regulations in some HOT investment areas in the South. Like most regions, the Oregon Coast (and be...

Who enforces these restrictions anyway?

Texas does have some general HELOC and second loan cash out restrictions with many lenders..Check in with @Joseph Chiofalo for specific guidelines. 

I have heard that the VA Loans are the most restrictive, as far as a Property can have virtually " NOTHING "  wrong with it, I'E. has to be in Liveable/move in condition as the property currently sits,  in order for it to qualify.Given this, What things will usually disqualify a property for getting approved for a VA loan ?