Some takeaways from him:Treasury Regulations section 1.280A-2(i)(3) gives a couple of ways you can proportion the rental portion of a property--my accountant used square footage.Under section 280A of the tax code, common areas that you also use are considered part of your personal space and unfortunately aren’t counted as part of the rental space in the proportion calculation.

If you want to take the time to learn the investment, deal with the hassle of the day to today, and keeping up with the regulations then go for it. 

We need fewer regulations (or at least the correct ones) to incentivize housing construction and more up-zoning in appropriate areas to add density to existing lots.

Reverse exchanges are complicated, expensive transactions that have not had specific procedures fully approved by the IRS.

If you wants to find a property in Nashville you should define your investment goals, research the market, choose a location, assess your budget and financing options, choose a particular type of property, become acquainted with local regulations, network with professionals, conduct thorough property search and due diligence, think about one’s long-term investment strategy and assess risks and opportunities.You can locate a good home in Nashville by taking these steps and consulting with knowledgeable local consultants.Good luck!

What is the regulation environment? 

You should also familiarize yourself with landlord-tenant laws and regulations specific to the market you choose.

Research the local regulations.

I've reached out to the City of Winston-Salem to gain more information on tiny house regulations since there was not much to be found online.Thanks!

Lenders face far more regulations when lending on owner occupied properties which may limit your options.