It will be a "luxury" house hack as I am renting out a separate in-law-unit.

@Michael Bradshaw, Shoot me a message or checkout HomeShareHeroI own a luxury management company.

When we looked for an apt, "luxury" apartments were giving 2 months free out the gate to us. 

We are starting as a first generation of investors so we don't have the luxury (yet) of solely betting on appreciation.   

In NJ our advantage has been finding distress properties and renovating them into luxury rentals attracting high end tenants. 

You also have the luxury of only having to put 15% down which covers SFR, Condo's, Townhomes and even 2-4 Unit multifamily homes 15% down across the board.Due to the nature of Portfolio exceptions are granted to use most recent Schedule C or 1 year tax return is in business for 5 years.

Add all that noise into the broader pivot AirBnB made to focus on boutique and luxury rentals last year and there's a lot of longtime hosts that simply fell off the search ranks, lost Superhost/Premier status, and are now nearly invisible on AirBnB in particular. 

Experience working w/contractors/handymen, handling remodels, sourcing material, designing places from start to finish (trashed rentals to high end luxury homes), etc.  4.

Some people pay $2,500 a month for a 1-2bd luxury apartment while some people pay $2,500 a month for a 3bd/2ba house in the suburbs. 

I thought I had read something in my local zoning laws regarding short term/transient lodging. https://clevelandtn.gov/Docume...Cleveland, TN zoning ordinance, APP0C-183 Land use: "Land use shall mean three broad categories of land use referred to in this ordinance: residential; non-residential; and vacant.