Here's a good breakdown of your options for tax collecting starting Feb 1 based on the new regulations.

New Jersey is town by town with regulations. 

From updated tenant rights laws to shifting zoning regulations, staying compliant can feel like a moving target.

Yeah, it is based on the state's regulators.

Does anyone have any idea if they would regulate?

@Fabriel EbelConverting a multifamily apartment into condominiums in Beverly Hills is a detailed process that requires navigating city regulations and tenant protections.

Regulation battles by HOAs are being lost in the courts as well.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

Quote from @Cameron Masters: In my experience, cities are going to be much harder than working in unincorporated cities within the state that only follow county regulations.

It’s crucial to ensure that you’re compliant with local zoning laws and HOA regulations related to vacation rentals, as these can affect your ability to rent the property.Overall, while it can work well, especially if you're looking for income from rentals, make sure to have a clear understanding of the financing rules, potential restrictions, and the financial risks involved.