[grossvogel]

"I'm concerned that your business model relies on regulatory arbitrage and/or your hosts' willingness to violate local ordinances.

Not only would that make you vulnerable to changes in the legal / enforcement landscape, but there's also a growing backlash in some quarters (including on HN) against this type of business.

Can you provide any assurances that this business would be sustainable if you were forced to rely on 100% legal and taxed host properties?"