Is that a reference to regulation or permitting? 

They know it, they understand it, and they’re not constrained by the usual consumer regulations on residential loans so they can negotiate terms more creatively.By the same token, because there are more points of negotiation, it definitely pays to shop around and get competing bids for your loan business.

The rules and regulations are a real challenge.

State legislation enacted in 2017 led to an overhaul in the ways ADUs are regulated in the state, and made it easier for city planning departments to approve their construction.

How do you guys deal with the new Fannie Mae regulations?

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).