People used to sell you gold as the answer to when “civilization/governments collapse”.  

@Cameron Price As you mentioned, it's definitely too deep of a topic to condense the intent and decisions behind writing ~80k pages of the tax code but, to put it very simply...Tax dollars are one thing - the money the government collects from income taxes is used for Social Security, Medicare, national defense, transportation, eduction, and so on and so forth.

for simplicity we will look at property AAsking $860 000 CAD4240 sq ft.Taxes $14, 170(bore by landlord but paid by tenant)$13.50/sq ft.NOI $51, 560Least to provincial government that it was built for. 

The judge, a person empowered by the local government with a lot of authority, decides, not you.If that wasn't great enough, the court is a nexus for a lot of other things to happen.

One thing to consider is vacation rentals is for the most part unregulated and as it's popularity grows you can definitely expect the government to get involved and regulate.

Investment Info:

Single-family residence buy & hold investment in Palmdale.

Purchase price: $195,000

Cash invested: $4,000

Soon to be my first Simi rehab and sale 😀

What made you interes...

@ScottSmithIt is illegal to pursue any short-term rental activity in a government-backed mortgage.

(see https://www.hsr.ca.gov/high_speed_rail/project_sections/fresno_bakersfield.aspx and https://www.fresnobee.com/news/politics-government/article229908329.html)Does anyone have any updates on this?

1 - A new program gives landlords in the Hampton Roads metro area a tax break if they accept housing vouchers — formerly Section 8 vouchers — in neighborhoods that have low poverty.2 - Written rental agreements: Landlords will be required to provide a written rental agreement for tenants.https://pilotonline.com/news/government/politics/virginia/article_daf1ebd0-9915-11e9-ad61-77b61e814c28.html

It’s a great job with great benefits (it’s a government job after all), I love the work (most of the time) and I run the department.