Laws/regulations that I did not know about specific to my state/county/city (I live in Hickory, NC). 

I'm not sure if Denver's draconian STR regulations has crushed that concept, yet.  

On that note, it is always risky to go into deals with no agents on either side in my opinion as they are there to make sure the process is going smoothly and everything is following state regulations and is in compliance.

In my area STRs are licensed like small businesses, and regulated and taxed like hotels (which they basically are).

I understand that CFDs are extremely regulated (Texas). 

I have researched all the restrictions and I’m fine with the rules and regulations because we have funds that we can put to better use.

With the various types of loans and lengthy regulations for each, I'm curious what options are available if one couldn't provide 2 years history or proof of steady income.Obviously, this is all hypothetically speaking as I'm just thinking ahead to possible scenarios and sizing up options before moving forward.

First check into local zoning regulations allow for a bed n breakfast or cabins on one lot.

As of now we plan to purchase in the unincorporated section of Compton because we have been told there's less regulations compared to incorporated cities (code enforcement).

Burdening yourself with regulations that are easy to mess up seems riskier than simply setting up separate accounts and operating as if you were accountable to the rules required for an LLC.