Throughout the area, many residents love the lively music and arts scene, robust food culture and eclectic vibe, where diversity is celebrated.

Aside from the normal currency and economic risks, there are significant political risks in the region.  

It was a nice getaway and gave us a chance to check out a possible new area for us.Sedona is wracked with restrictions, sometimes less than a few blocks away can be A-OK for STRs while 3 blocks away, they are banned.Having an agent like @Martin D. who is an investor himself and is very knowledgeable about the Sedona area and knows every little detail about the restrictions AND the political climate that can drive the changes is very valuable.

Governor Greg Abbott today celebrated Texas as the No. 1 state for jobs added over the last 12 months following the release of July employment data by the U.S.

In your current case, you may find that the law is firmly on your side, and it’s better to politely but firmly decline his demand after getting legal confirmation.

Another reason I stress the importance of paying attention to the politics of your RE areas....make sure they are a good fit with your goals....

I overpaid and underfunded, buying in DC expecting stability, but political shifts and new Airbnb rules changed my plan.

Politics aside — what’s done is done.

Interestingly, our local politics is one of the draws for STR investors in this region.Hope this helps provide a local perspective!

Some programs are funded at the local level and subject to local politics.