I am aware of the Sewage issue and i am aware that in this high interest regime it won't be a cash flow property.

I'm addition to what's already been  said remember you have no control over the HOA regime fees.

These help me weather a storm with low STR occupancy numbers like many are facing across the country.Higher insurance rates, STR permit fees, labor costs for repairs and cleaning, regime fees (for condos) make running a profitable STR even more difficult.  

We were using a local small company that did exactly what evolve does in PA then they got shut down by the PA real estate regime.

meant to say we have two financial regime right.the last 12 years are the cheap money regime, so buying real asset risk/reward is almost no brainer than holding cash, good to become borrower for asset that's appreciating (10%) lolbut in the last 12 months we moved to expensive money regime where holding cash itself is producing money with almost no risk, while doing business including real estate is having higher risk (compare to cheap money regime).

The current regulatory regime really screws over the little guys.

This actually might be illegal of your CPA to suggest since they can't do/suggest things for the primary purpose of manipulating the audit regime of the IRS as it violates our code of ethics.

Well, I can sure agree with you on your last point :-)Exodus is a big word for sure, but 1000 per week with no end in sight is not great news for a political regime.

Usually, the rental income is considered effectively connected with a U.S. trade or business, and therefore, it is taxed under the effective regime.

So, you need to figure out how the two tax regimes line up before knowing the optimal set up or entity to use.3.