(This is reflected in your comments about suppliers seeing 50-60% decreases in their sales prices while retail prices have gone virtually unaffected)Not only will growers be limited to fewer potential customers, but I suspect that a lot of those who tried and failed to get into the industry on the retail side elected to enter on the  supply side for the time being in order to get their foot in the door.So, if my theory is correct, that would mean the current dynamic is causing the appearance of a much lower demand and a much higher supply than you would otherwise see in a completely laissez-faire economy.

Hey @John ParshallAs others have mentioned, the current legislative landscape leaves the outlook on the viability of STR investments in SD a bit up in the air.However, as @Dan Heuschele stated, ensuring that the property is viable as a long-term rental will drastically reduce the risk associated with that uncertainty. 

The law is fairly straight forward, if you are used to working with genealogy. 

I just want to ensure I have all the guidance and best options laid out in front of me so I can begin this journey as a new investor in the Real Estate industry.

I’ve always considered myself a fair landlord, probably leaning a little too much towards the tenant and not always taking every fee I can per the signed agreement. 

It's supposed to ensure there are no surprises after closing.

These days it is fairly common practice and when purchasing from an institution it will be the norm

And a low cost item that makes a difference is to ensure all outlets/switches are white. 

Mount Vernon is fairly close by and we have similar goals.

I have not read any of the stuff lately, but I just looked to ensure that RSA 479 was still in place.