Hey Jason,I feel your pain, it's like déjà vu.

What would a taxation model look like in this scenario?

I have a close buddy who lives in LA, I would likely trust his judgement if it came down to it - but I would still get to know the area more.I dont think you are ready to invest out of state if you havent invested yet in yours.

Those are likely warrantable condos.

For example, you can write something like:"Spoke with GC for 1 hour regarding renovations for STR property, discussed scope of work, timeline, and cost estimates." 

I looked it up and it seems like you might be screwed either way, even people who had Flood Insurance are having claims denied because of the 2 storms having different types of damage.

Most likely, we'll be building a duplex ADU with both units being ~800 sq feet. 

My advisor suggested that at my stage of the game, 8 properties, it likely made more sense to keep the extra money available or in the business to use as emergency funds or to accumulate for another down payment.

It sounds like your tax professional would have grouped these actvlivities based on the situation you are describing.

Do you know if I would be required to help them with moving costs like a month of rent, or 2 or 3 months?