Probably wouldnt be an issue for the next few years but I agree with you if the city decides to tighten regulations via third party I might be opening a can of worms.

The HA representative told me today the the $1,211 is the governments portion and the tenants portion combined. 

CPAs are licensed professionals who are highly regulated and are experts in tax filing, not necessarily 1031 exchanges, which is more of a real estate attorney function.

Make sure you check out Asheville's STR regulations, they only allow homestays (that's when you live at the property full-time). 

The U.S. government dumped $6.4 TRILLION into the money supply.

You're not likely to find a silent partner...first you could run afoul of security regulations but that's another issue.

For properties that you intend on occupying you can expect to pay 3.5-10% for government sponsored loans. 

Austin Business Journal released an article this morning titled "Austin City Council moves to tighten reins on short-term rentals"Political Significance: City council voted to approve an amendment to be drafted to City Code that governs STRs.

Our government is spending more money than it takes in tax revenue.  

Also, you'll want to check with the local regulators about licencing and other requirements