@Matt MillardI agree with @Carl Fischer's comments on the benefits of tax-deferred (or tax free) accounts.

Hi @Lucas Carl,Understood.

We also bought a lot to build #5 later this year.Avery Carl is an agent and works the area; she is here on BP.

@Carl Fischer do you live off of your rental income completely, or do you pay about 40% because that is your personal tax rate from some other job?

@Carl Hawke Thank you!

I've had good luck with Carl Brousseau at Rely Taxes.

@Carl Fischer I have been paying into social security for the past 20 years, wont this account for that?

Even people who can still afford to vacation will find a less expensive/more accessible place to go.Or, as @Lucas Carl mentioned, large properties designed for groups will probably take a big hit, as it'll be harder for all parties to spend the money to vacation together.I feel pretty secure with mine.  

@Carl Pickens I asked a seasoned lender a few years ago when I was doing a proforma for a property.

Like @Lucas Carl I had VRBO's payment processor alter my payments so I received them right after check-in.