None of them. 

Center Point is not investor friendly anymore so I would advise staying away from the rental side.

If you need further help, DM me and I’ll point you in the right direction!

While I can imagine some cities might be against "boarding houses" or enforce their "brothel law" I can't imagine too many cities would be supportive of it. 

Well, how much is the lot for sale for?

I'll add on to what the other Ben said and mention that there are exceptions based on the # of days that you rent out your home to where the income/expenses are excludable (being lesser of 14 days or 10% of total usage if under 140 personal use days).

Board collected those funds and put them in Operating instead of Reserves.

You say that you are investing out of state.

A lot of people tend to overcomplicate it.

When it was time for inspections, they told me, I can’t do that and the area is not deemed for multi family- which is a lie because both houses on either side of mine were duplex.