Our "new" mayor is STR friendly but there is a lot of local neighborhood opposition to the concept and I expect the rules to be better defined in the coming year or two.  

Sometimes the "old folks" are too set in their ways to want to learn or think that anything is possible.By way of advice, I would say to learn enough about notes so that you can confidently present the idea and concept to others in order to broker some deals to them.

I ended up going conventional on a house hack, mostly because it is a simpler process than FHA.

@Robert Gilstrap if "everyone has this misconception that PMs are just praying for tenants to vacate..." and you have a different conception, that's just something for you to think about since you have a different opinion than everyone.  

Artists love the concept and are coming from all over for the community aspect.

It's an interesting concept and I'm wondering how the one professional per category would work.  

Time Value of Money is a powerful concept.

I am still having trouble with understanding the concept knowing my market.

Below are some rough ideas I've cobbled together after days of reading about things that are not new as far as concepts (I've herd of 1031s for years), but in actual practice, they are totally foreign.

Effectively, you increased the value of your property by $10k if you lowered your Property Tax by $1k.I also wanted to expand on the Concept of Moving Cap Rates.Depending on certain factors, the Cap Rate for Cities and Neighborhoods in Cities will move.A typical example is when crime increases in a neighborhood.If Crime increases over an extended period of time, years for example, investors will demand a lower price for the investment given the same NOI.