I am considering hosting the rental myself and living next door.Could anyone provide guidance on how to proceed under these circumstances?

That being said, my team hosts one of the largest investors meetups in Knoxville called GRID Knoxville .

There are good deals to be found in any market and you want to have a deal that you can physically visit regularly.

The host was doing great and was a super host for approx 2 yrs. 

If you can benefit, then regular depreciation is a very small deduction, except for...4.

In the end, it's a constantly evolving experiment of trial and error with pricing on the hosts' end. 

He also is the host of one of my favorite meetups in the area. 

This happens regularly, according to the on-site care taker of the property.

@Noah Harms - if you don't know, Dave is the host of our BiggerPockets Real Estate podcast and also the head of RE investing here at BP so this guy is in the data every day and really knows what he is talking about. 

A great example of this is Orlando and Kissimmee, where hosts really go all in on a range of Disney themes.