For issuers of tax-exempt bonds, these challenges can largely be summed up in a single word: arbitrage. Rental arbitrage is similar to subletting as it involves renting out a property that you are leasing from the property owner.Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. If a city changes it's policy to cap LTR's or ban them all together, for example Champlin MN and Maple Grove MN, that can have impact. Which of the following most accurately describes locational arbitrage?