As long as you and your CPA maintain thorough and accurate records, you should be in good shape.

@Don KonipolI view these trends as both things that people are participating in AND things that are being done to them.Silicon Valley hires the best and brightest to make phones, social media, games and apps addictive. 

Are home prices trending up or down, and is it a good time to buy or invest?

It is illegal to discriminate against a tenant based on their source of income so I would advise against even mentioning this in any way shape or form.Are you qualified to purchase expensive RE?

Owner-occupied = Better shape – They treat it like home, not just an investment.

My plan was to buy, improve a bit (house was not in bad shape, just need some TLC), and rent out and hold at least 2~3 years. 

.:) Honestly Sarah with the way today's style is, Grandma's couch might be what's trending in the style section right now 😂

I already see where this is going as well and  it’s a troubling trend I continue to see in these forums.  

The study from some Florida Atlantic University took historical price change data from Zillow and compared it to current trends. 

Inventory has come up about 30% in the last 4 months, something to keep an eye on in your market to see where the trends are at, and areas that are going higher than others