This is also the difference between additional insured status and merely being a certificate holder.

The aids health foundation is sponsoring, to the tune of in excess of $10m, a proposition (prop 33) to over turn Costa Hawkins.  

“Essentially, they are cutting in line,” Mills said, referring to the super-lien priority status over a mortgage.

Thanks, @Elvis Witcher What is the status of your question?

I think there is a chance that you don't actually hate your rentals, but rather, you hate where your mental health/stress level/amount of free time is.

2- what is the percentage of people that get audited my claiming REPS status to offset W-2?

The biggest thing I'm seeing actually isn't his residency status, but I think you'll have the biggest issue with the value of the properties you are looking at.

If you sell because of health, work, job, or unforeseen circumstance you can get the section 121 even if you sell before 2 years.

But what you’re encouraging is that when I am 23, I should use the first 4 or so years just building a portfolio of LTR’s and then when I am 27, look into leveraging STR’s to meet the “Real Estate Professional Status” and “Material Participation” the IRS outlines, correct? 

These areas won't give you cash flow without significant downpayment, but their price/rent ratios are much more friendly compared to other cities in the Bay Area and you can also benefit from their appreciation.Another thing to put on your radar is the Real Estate Professional Status (REPS) election.