I have never been able to utilize any DPA with any deal as of now, but it is fun to keep it as a possible tool for use in the right situation. 

They must satisfy "material participation" test for their STRs to utilize the strategy.

Furthermore, whole note investments benefit from an additional 0.5% annualized yield and are entitled to a share of any extension fees charged to the borrower."  

Most property management companies are licensed realtors with extensive experience working with investors and providing valuable insights into their local market. 

Get your insurance in business name, utilities can be put in business name.

However, I’m unsure about the utility of having two paid-off rentals 25 years from now.

See if those can be covered for utilities.7.  

Fearless Forecast: I've written extensively about the wonders of the Oregon Coast, including why I migrated north and why I believe many others will continue to follow.

Long story short, you spend a month cleaning and renovating, then you find a new tenant after just 15 days.In total, you lost three months of rent income ($3,000) plus paying utilities ($500).

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.