I highly recommend learning those strategies, as you can own limitless properties when buying without using bank funding!

Does anyone know when this went into effect?

You would need an extremely high grossing property under market value on a something like a 5 year lease to profit, and you probably will not profit after startup costs until Year 2 or 3.Do not even think of trying it with 1/2 bedroom apartments or condos nor 2/3 bedroom homes. 

Lots of factors, but deciding factor was what what Torren described (waterfall highly favorable to GP).

This seems to follow the general overall trend of lower cost areas winning at the expense of those with a high costs of living.

I am currently in my junior year of high school, and I have all AICE and AP classes, which allows me to get a full ride to college.

Budget carefully, prioritize high-ROI renovations, and adhere to strict timelines to maximize profitability.

Yes - and even when its out there its typically impossible to qualify (need high rate and high DSCR and typically would have to qualify as a LTR - so almost a unicorn or in a really bad market)

It really is a nice perk of making rentals nonpassive that high income earners can avoid NIIT, which is easy to forget since we're usually focusing on qualifying rentals as nonpassive to deduct a tax loss.

Confirm that your policy explicitly includes this type of rental to avoid gaps.I would highly recommend an umbrella policy.