It's a 5 bedroom house with two 1 bedroom apartments attached to it. 

PHAs are broken down by HUD under various aspects in two categories, a large PHA and a small PHA.

The house has two kitchens (one is a mother-in-law suite), 3 bathrooms and is approximately 1600 sq ft.

I'm now stationed in Colorado, and I definitely wouldn't mind spending two weeks in Destin every year in the off-season. 

She’s done a tenant’s in common thing for me between two LLC.

I have not had an official appraisal but two of my neighbors sold their homes recently for 260k and our houses are identical in layout and square footage.

There’s a monthly investor lunch on the third Wednesday of the month 

You are not doing it for the action of doing it, you are doing it to be successful.  90%+ of the people doing it never get a deal from it.Imagine 2 investors, none have money, and both want to become successful.Investor A, drives for dollars, knocks on doors, and starts cold calling random people, while Investor B, gets a job at McD and works for 4 months straight saving every dollar after which he runs a Facebook ads campaign with that money.Not only will investor B have a far more reliably higher probability to get the first deal, but also a second and third deal from that one-time investment of effort and money.Lists have a 0.001% to 0.01% success rate.

I think you've got the two statutes combined in a way that won't work unless there's some more info.

This is a 4thhome I'm buying; kept two others and do STR.