Like most regulatory measures, it aims to establish a minimum standard rather than an exceptionally high bar.

Is the rent high enough to justify someone else investing in it?

My brokerage hasn’t made it a requirement yet but has highly recommended it and the experienced agents are mostly doing it, especially the females.

Active Income - Passive income, from rental real estate, is not subject to high effective tax rates.

If I could chime in to help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

I would highly recommend being as up front with any lender you work with and to find a broker/lender/lawyer team that is all on the same page from the beginning and are familiar with these types of transactions.

I have a high desire to be in the short term market.

My thought is that it's better to own fewer high quality properties than lots of cheaper ones. 

.- highly appreciated!

These properties were rentals that have been fully renovated to meet/exceed the quality of the neighborhood.