At 60K a house that puts me at a 3.84 million dollar loan. 25% down is 960,000.

You now have $5k in unreimbursed expenses, and 2 houses; one with a $200k mortgage worth $250k (giving you $50k in equity), and; one with a paid off HELOC, value and mortgage unknown, but presumably with more than $165k in equity.You should also treat the $5k unreimbursed renovation cost as a debt and pay it back (even to yourself) accordingly.There is no tax due because not only did you not make any realized gain, but there was no sale. 

Regular property managers for single houses and condos may not be willing to take them.I don't want to self manage either.Do the tenants have a higher rate of default than condos and single homes?

@Shibashis Dutta we've not only got clients from Canada, but also from around the world.We've very familiar with setting up the proper USA tax options for foreign clients:)

Hello I own a Ryan homes model home and they only have six houses left to sell.   

Some markets are so saturated a house may bring in more as a LTR than an STR.

Considering airbnb's downtown, long term rentals in up and coming areas near burns park, fixer uppers...pretty much anything except student housing - that feels hard!  

Best bet would be if you could move to Lehigh Valley and house hack there.

Hi I just had long term renters leave my house.

My primary exit strategy in building is to sell the house to an owner occupant.