Now education locally is totally necessary because regulations here are insane. 

Those very high returns come from the combination of the very low mortgage interest rates and the steady capital appreciation.Regarding my investment portfolio, I'm still in a growth phase and a phase in which I help an partner with other investors so that they can invest in the most profitable opportunities without having the necessary presence on the ground, time, knowledge and contacts, which is something I really enjoy doing.The biggest hurdle is finding the right opportunities in a hot market, although it's a matter of time, for me at least, so it's not really a hurdle.Legal aspects aren't a hurdle from me because I studied in my native Belgium and have been based in Quebec, both of which have a similar legal system to that of Spain and Portugal (civil law).As to regulations, in Spain, it's a matter of investing in the areas and type of properties that are least affected.

There has been talk ongoing about regulations and a moratorium on STRs there so I would call the city and see where they are.

CT is very tenant friendly (not as bad as MA but we get a lot of our inspiration on new laws to pass from our brothers to the North).I actually see the regulation as an opportunity. 

They are fully aware that parking on the grass is illegal, both according to city regulations and the lease terms.

Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.

Taxes, regulations, blahh blahh blahh.

Also, understanding local regulations, vacancy trends, and Section 8 or other tenant programs can help reduce risk and improve cash flow.

@Sandy Hu what are the rules/regulations in JT to have a main home and a tiny home on wheels in the same single family lot and Airbnb both for short term rental income?

One of the concerns would be, how long would this last until regulations catch on?