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

Some areas define it as anything under 30 days; others under 90.Midterm rentals often bypass short-term rental restrictions — but you still need:-Proper lease agreements-Local registration (in some cases)-Business insuranceIf you’re operating in gray areas, tighten up your paperwork.Anyone’s city recently updated their MTR regulations?

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

There are some local investors who completely avoid Minneapolis and Saint Paul due to a number of factors (regulation being a big one).

So far I've been quoted $2950-3400 to have a new railing built that is regulation height. 

One action this week: verify regulations and rent comps on five properties within your box and line up your lender call.

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.

The flip is that all the counties to the south (those nearest WDW) are where a majority of the STR's currently reside due to more lax regulations on STR's.

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?

Owning gives you equity, control, and long-term stability, even if the buy-in is higher.When choosing a market, focus on regulation stability, consistent demand, and reliable local support.