South Carolina is a solid choice, especially with aging parents in mind.

There are 800 Airbnb active accounts where I am in Tahoe, NV.

I hold a real estate broker's license, but I'm currently not active as I'm seeking a brokerage that is investor-friendly.

I think the "short term loophole" is probably a great way for tax benefits for my situation, just not sure if I'd be ready to commit to something more active like that.

You just need to run all the numbers, and also take into account any Passive Activity Losses (PAL).Make sure you use a Qualified Intermediary (QI) for the transaction. 

My book does go into detail on these as they are the biggest potential issues.  2)  The seller changes their mind before you purchase -  my book goes into detail on this but it is important you file what is called a memorandum of lease option - so they can't sell it to anyone else or refinance it to pull out their equity. 

How do I verify if NMLS ID is active?

Better to lose nearly $10k in rent (~50% of 90 day rent value) than get a risky tenant.Especially if you self manage, make sure you understand the protections provided mid term renters in CA.Good luck Hey Dan,Do you mind sharing for what reason(s) you disqualified the potential tenant?

Keep in mind tax preparation fees as well as you grow as you will now have  state tax return needing to be filed as well as the federal. 

Local Trends: Watch for changes in the area like major employment shifts and construction projects.Ghost Ads: Post fake ads before purchasing a community and gauge your activity.