Quote from @Melissa Conner: If you are an agent that is a landlord or you work with owners of rentals- you/they Just called Melissa. 

It could certainly be a concern - but depends on a lot of factors - are you looking multi or SFR? 

Do you prioritize equity growth or cash flow in your investments?

Account ClosedI recommend that have a consultation with your tax accountant and/or financial advisor on ways to reduce your taxes. 

Don't be a property hoarder.Are you guys doing this or seeing this?

I have a primary home and a rental near Portland, OR.

Long term play would be to either use it as a short term rental or 1031 exchange it after 2+ years.

One particular point can not be over emphasized; even if someone has and is willing to invest the capital in attempting to build or scale their business or investments, they still May fail if they do not possess or can not evaluate those who CLAIM to possess the necessary expertise required for scaling. 

thanks. you will spend more time trying to figure out whether or not its required than actually completing the form. it takes five minutes. 

Of course, there is no absolute right or wrong answer, you really should evaluate what is right for you and your family at this time and in the future.