You need to get a second opinion on your tax return.And, I highly suggest hiring an REI-savvy bookkeeping firm to keep your bookkeeping records up-to-date and accurate.

Can you provide more details how this should be done?

This means I provide balance and keeps everything in check. 

@Jim Stanley, @Alan Asriants is providing some strong feedback on 1st steps which you already are making happen by checking out the place next week.

While sites like Alltherooms and AirDNA have some good market data, they're not always up-to-date on the legal side.For the most accurate info, I suggest checking the city's official website for the latest on STR regulations.

Hello RE investors,I owned several duplex/triplex rental properties in San Diego, and Nationwide is our commercial insurance provider.

I can't tell you the number of times they have helped me through their forum and all the insights provided. 

While it may not always provide immediate positive cash flow, the long-term benefits of owning a property that is generating rental income while also providing a place to live can be significant.When considering the ROI of house hacking, it’s important to look beyond just the monthly cash flow.

@Michael Smythe He hasn’t used BP cost calculators but does provide rough numbers to help determine whether the property will cover the mortgage and even potentially cash flow.

They also provide tax services which I do not use, too expensive, and help you establish lines of credit for your business.