Government Programs and SubsidiesYou might qualify for programs that offer incentives, especially if you're investing in areas targeted for development or revitalization.

One additional idea is to add a provision stating something to the effect of"This Lease is governed by the statutory and case law of the State of Florida.

It is precisely because of mentoring programs that teach strategies and techniques to people who do not have any grasp of the three afore mentioned fundamentals that we have such a mess with “wholesaling” and “subject to” that governmental authorities are figuring ways to heavily regulate or outright ban these activities in the residential real estate field. 

The exception would be a superior website maintained for SEO, IF your investment program is large enough to cover the $5k upfront cost and the $500 per month maintenance for an optimized website. 

Fannie Mae will allow you to count Boarder Income if you are purchasing a new Primary home, have had renters living with you for at least 13 months, have proof of receiving rental income for at least 9 out of the last 12 months, if you qualify for Fannie Mae's HomeReady program (which is an income limited program, you do not have to be a 1st time homebuyer to qualify for this program).

It's possible that they are turning up the heat to the maximum because they are part of a utility-subsidized bill program.

Another caveat: there are a lot of STRs out there that are breaking HOA/local government/state/federal laws or strongly bending the rules, and I'm looking for people who did not do that or who mitigated risk there. 

Mink,I would advise using a Fannie Mae 5% down program to avoid the FHA up front UFMIP finance charge. 

The key IRS provision that governs this is in Section 469, which outlines the passive activity loss limitations.

The government has set it up so that if you use some good accounting strategies you can avoid payment of tax for your life.