The term short term rental does not apply to hotel or motel rooms, extended stay lodging facilities, bed and breakfast inn or boarding and lodging hotel rooms therefore these exact regulations do not apply to those facilities.

Also, for the state exam, will I need to know the Real Estate Law and Subdivided Lands Law, and Regulations of the Real Estate Commissioner thoroughly?

Why is it you have not sought the answers through your state landlord tenant regulations before asking.

Make sure you print, sign and have available all required disclosures from your area, usually available for free on a state government website (even if realtors tell you they are not).  

Being in a park can put alot of regulation on what you do.

He simply starts up a new LLC.I don't know about the laws governing LLC structure in Ohio, but in Texas we have the Series LLC available, as do some other states. 

I don't think Obamacare will totally go away but I think the hope is parts of it can be changed that are detrimental in the coming years.It was explained that say you qualify for a subsidy when the policy is written but mid year your income goes up then the government would want the money back that was credited in the subsidy.

So they can regulate the sale of securities & raising capital, but anyone can buy a property if they follow the laws.

And it's what a lot of people were doing, but take it with a grain of salt because with the new regulations a lot is changing and it can be wise to send it straight to a licensed servicer.What I was trying to say is that servicers have different levels of service (ie collection / no collection) and that collection is more expensive.

It's the government!