I've been doing property due diligence for STR investors and here are the questions that sometimes get overlooked:

• What jurisdiction actually governs the property?

• What is the zoning classification, and does it allow the proposed use?

• Are STRs permitted, restricted, capped, or prohibited?

• Is a license or permit required, and is one currently obtainable?

• Does an existing STR permit transfer with the property?

• Are there deed restrictions, restrictive covenants, or HOA rules that create another layer of restrictions?

• Are there septic, wastewater, parking, occupancy, or access requirements that could affect feasibility?

I’m curious how other investors approach this.

At what point in your acquisition process do you investigate these questions? Before underwriting, after identifying a promising deal, or only once you’re preparing an offer?