Obviously, this is a speculative question and nobody has a crystal ball on this issue, however, I think close consideration of the fundamentals are important in making a decision about this.

I think this makes everything cleaner for taxes, documenting historic rental payments, and legal issues that may arise due to the barter, etc.  

I'm working on a 2.2 acre site in plant city a suburb of tampa and the density allows for up to 10 units or 12 units and that is what we are going to push for, the highest density permitted. even then they could go larger through planned development or variance requests but I think that's enough for them on this lot. land has a ton of issues in general, check the elevations, utility access, title, tons of things to consider. happy to take a look I'll send you a message 

I was born and raised in San Francisco and ran into the same issues finding properties in 2021.

Can we deduct the office as a business expense since its sole purpose is working, or would splitting the use between a W2 job and rentals create an issue? 

I think you can make a case that funds that bought a few years ago with debt thats not fixed might have some issues or cash needs.U can make the case that new buys today can pick up some deals. ?? 

The biggest issue i found with trying to use the BP calculators for assets other than residential is the debt. 

@Alan AsriantsThere are two issues right now with trying to apply the strategy.

Their personal tax prep is around $500 for a 1040 with some stock issues. 

Also, if the tenants pet is an issue for you keep in mind you’ll be receiving a security deposit from ALE so the damages will be covered