Even if you live in a Home or one of the Units you can still set the address or other units up on your "Schedule E" and claim the standard deductions.To be totally compliant I would tell you to refinance and transition the property into an Investment property and close it in an LLC.

Having the right expectations set before investing can help you make an educated decision on if the investment is worth making for you. 

I missed opportunities to rebalance my portfolio and adjust asset allocation.

Adjustable rate allowed but restrictions on the amount of increase and frequency of rate adjustments.The loan cannot include a balloon.Seller must not be the builder.More Than 3 Properties You Must Use a MLO and Comply With All Regulations Such As:The loan cannot include a balloon.

We have great +750 credit scores, a +6 month emergency fund, money set aside for the down payment (both emergency fund and down payment are cash sitting in a high yield savings and rolling 4 wk treasury) in addition to a taxable brokerage account I have built throughout the years in the event we need to leverage it for a pledge asset line.

That way the interest rate will adjust in a year automatically. 

But investing outside of your state has its own set of difficulties as well, such managing remotely and not being familiar with the specifics of the local market.Make a Plan for Property Management: If you decide to invest in rental properties, decide if you'll handle them yourself or by working with a management company.

Is a trampoline really that much worse than a swing set?

Would be happy to set up a time to speak with you!

International business travel has its own set of rules, different from domestic travel