@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

For a condo you can/should check the county assessor for land value  (you would apply the same allocation %, don't use their actual number listed) Also check your HOA documents.

The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).

If left leaning justices were more aware of their health and the nature of the legislative branch, the judicial could have a different makeup.I also want to point out that my view of overwhelming does not apply to any term since Reagan. 

I would stay away from section 8, pull credit and background, and call referrals, and look at pay stubs for everyone who applies.

As I said earlier, moving in a tenant is the standard that's applied in making these properties "turn key" and that doesn't bode well for most of the investors buying them. 

Let me explain...Houses naturally have an aesthetic to them when they are first built.

I wouldn't hesitate to consider it, but the same fundamentals still apply.

., mix STR with personal use or convert it to a primary residence), depreciation recapture is not triggered immediately but will apply when the property is sold.

The saying "if it looks like a duck and sounds like a duck, it's a duck" .. well yea that applies to HOW YOU SELL YOUR PROGRAM.