You are correct that the tax treatment of Airbnb business (emphasis on "business") is distinct from other forms of real estate investment - and that you should get clarity about that to incorporate into tax planning and investment ROI analysis.

More globally, if this sticks you'll just have more room than you thought to handle the inefficiencies, and potentially over-perform.

Provide ReferenceHave a multiple active listingsAwards (Top Broker etc..)Clear communicationQuick in respondingKnowledge of area, Different area within cities has different expert agents...Knowledge of local and global economy

I then swapped over to contracting with an emphasis on disaster response (fire/water/mold/smoke/storm) and general contracting, both commercial and residential.

I think it would take pretty strong ecenomic shock felt globally to see it roll out otherwise.I also wouldnt be surprised if there was some relief provided in the mortgage stress rules.

Jobs are here and the city has put an emphasis on bringing and keep higher paying jobs.

One thing that concerns me about the BP Forums/Podcast is there is too much emphasis on the success stories, not the failures, and most of the successes were post 2007 when everything has been on the upswing.

The credit union where I work, Global, does a lot of residential lending also, and I can confirm they will work with investors whether you intend to occupy or not.

I am interested in real estate (like we all are), but have only had exposure to commercial real estate (currently work at largest bank in Nyc in Global Real Estate Portfolio Management).

The FDIC and many state regulatory agencies will require the lender to substantiate a global portfolio freeze based on value.In the past, I've frozen my entire portfolio but I was able to document that, on a global basis, values had decreased in excess of 50% from origination value.