To intentionally reduce the leverage more than required is a foreign concept to me especially in the San Diego market.  

I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

@Edward Heath you'll want to check the requirements for the $12.5k loan.

@James Wise gonna have to disagree with the "lie cheat steal" concept regarding residents.Any resident has the potential to be less than desirable.

You can claim to be the best guy in the world at finding and analyzing deals, but when the market turns against you, and you just went all-in, even on the best relative opportunities that market had available at the time, there is nothing you can do to prevent losses, especially if your debt has a maturity date that will force your hand.Timing the market is an interesting concept. 

And then he answers his own question, “As tall as it possibly can.”In scripture the same concept is taught with the parable of the talents.

This means you may need to put more down on one home so it pays for itself.Here's Coach Carson explaining the simple concept in under 20 minutes.

Currently you don’t have a distinct color palette or concept.

However, the concept of a virtual office is a very useful tool that provides a professional fiscal and commercial address, as well as additional services such as mail handling, meeting rooms, and phone assistance.

More about the concept of STR tax savings is here:https://www.biggerpockets.com/forums/51/topics/1122635-the-s...As to one CPA saying that your losses would still be passive, we cannot comment.