I find it easier this way once you know your regulations and ROI in certain areas.  

When compared to markets like Los Angeles, Massachusetts offers a compelling alternative: LA multifamily development has sharply declined, with fewer than 19,000 units under construction—a 30% drop in just three years—despite high rents and low vacancy rates.Local policies, like Measure ULA, impose steep transfer taxes on sales over $5M, deterring lenders and developers.Proposed labor regulations, including minimum wage hikes for construction workers, are adding further uncertainty and risk.Many developers are redirecting projects and capital elsewhere, leaving fewer high-quality investment opportunities.  

Columbus GA is typically more landlord friendly, strong military demand, simpler team building; many NC metros have tighter regulations and pricier entry but solid jobs and stability.

Also suggest reviewing local rental laws/regulations.

Short-term rentals usually offer the highest upside but also carry more risk, especially around regulation.

Some of the listings on AirBNB, VRBO or similar could be using the 30 night minimum to be considered a MTR allowing you to bypass some of the STR regulations.

Quote from @Danny Gallagher: Thanks so much, Patricia — I really appreciate you taking the time to share that.That’s super helpful to know about Marco Island being more flexible on STR regulations.

They’ve done the math, and the returns make sense.California’s lower rate doesn’t help much when sky-high prices, income tax, and regulation kill your cash flow.

Do you have a federal lending cap if you're a regulated lender, what size? 

However, that has come with a few challenges recently as many destination markets have clamped down on Airbnb regulations and many have also seen a dramatic increase in supply of listed Airbnbs, particularly over the last few years when the Travel sector boomed coming out of the Pandemic.