Kind of a loaded question. 

What kind of return will you get?

I can't stress enough a good property manager who is local and has experience in managing these kind of investments. 

@Jon Haney what kind of utility company?   

Yes, you get your benefit faster by improperly claiming this an expense, BUT besides it being technically incorrect it can affect your ability to get certain kinds of financing.

He said that by following his underwriting criteria I’d never experience a late payment let alone a foreclosure; that by using his one of a kind mortgage contract I’d eliminate all borrower rights in EVERY state and be able to take the property back without foreclosure; and that any tenants could be considered trespassers and can be shot on sight.  

If you are thinking of doing it in Los Angeles, it is likely a pass.The City of Los Angeles has put in strict rules on what kind of properties can be used for STR and for how many days.

Kind of a no brainer for cost when it comes to all that.

I agree with you that this program will be one of many factors in why prices increaseThere are two kinds of inflation:1.Non-monetary inflation.

The receptionist was kind enough to give me the phone number they have on file which is for Bizee, IncFile.com.