I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.I'll also throw in my 2 cents on common differences I've seen in my career:CDFIs - Because of their subsidized financing structure, they have the ability to be a low cost lender (and sometimes provide grants).

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Those that cannot weather the storm get wiped out.Having cashflow positive properties provides a margin of safety you just do not have with negative cashflow.Why are you focused on buying in your backyard? 

Firstly my objectives•To provide uncorrelated predictable income streams while allowing for the opportunity of capital appreciation•To provide high % yields.

Well it all depends, it's all in what kind of business a person want's to shape.

Secondly, short-term rentals provide flexibility for owners, allowing them to potentially use the property themselves when not rented out.

Sharing your goals can help others provide more specific advice! 

With your budget, depending on where you are working, I'd consider Silver Spring or Hyattsville  

If you are providing champagne or wine, would we need a license for that to do so?