Our CPA is going through the new tax code and seems to be having conflicting thoughts about this.This is a long term buy and hold rental property for us if that makes a difference.

He is a guest and needs to behave like one.

Many ignore the fact that certain neighborhoods and tenant basis are going to perform and behave vastly different than others.

He has kept me updated on their house hunt and I haven't objected to them continuing to stay there as they have been respectful guests, the kids seem well-behaved, and they have been actively looking for another place.

I supposed its possible they would discount it but, it's also possible the Republican's and Democrats will stop behaving like children.If you buy at the junior's sale, i'd be prepared to pay off the senior.

I understand that one con to this strategy would be having to manage 5-6 individual tenants compared to 1 tenant. 

Safe may be locking in more at today's prices and using mortgages as the awesome hedge against inflation good debt can be. Have

I HATE being the guy who asks for general answers while also being vague, but I'm more interested in the basic mechanics of how these options behave when they start in a high market and then operate in a falling one.

In either situation, I would be having my primary residence in one of the rooms in the multiplex or condo but I wasn't sure if the VA would misinterpret the condo situation as an "investment" since I'm renting out half of the condo?

If the park has nightly and weekly space rentals, those will behave much differently and require a completely separate operational strategy.