From an STR focused broker familiar with regulations and getting properties launched, top-tier investment focused lender, responsive title agent and capacity for boots on the ground (especially if out of state) any one of which can be the difference in succesful execution. 

ADRs are also compressing it seems from the data.Which cities are best to deal with when it comes to STR rules and regulations?

Yes, the government pays the Section 8 rent timely, but more and more tenants are having to pay a portion of their rent.

A lot of investors in that niche hang out in local STR meetups, regional REI groups, and even city-specific Facebook groups where hosts discuss regulations and openings.Curious — are you mainly seeing historic homes, or more rural/semi-rural properties with acreage?

I wish I knew a perfect answer on how to regulate this. 

Which ever city you go with I'd recommend looking into a local landlord association as they tend to have insider knowledge of all the rules and regulations.

. 📈❌ Now with the government shutdown, the scheduled jobs report that was supposed to come out 11/7, will now be postponed, causing further uncertainty with where things are at from an economic standpoint

Markets are moving fast as the U.S. government inches toward reopening after a historic 40-day shutdown.

With the laws and regulations that protect homeowners, these can be landmines compared to investment-type business purpose loans.

It is government subsidized, which means it will be management and paperwork intensive - especially after this disaster.