Would being an owner op sole proprietor make writing off tools purchased vehicles etc  more murky?  

@Terry Fox, I live in Cape Coral in the winter months and the only issue I know the city has and is trying to enforce is not having vehicles parked on the lawns out front or blocking the sidewalks.

Occupancy of no more than six (6) guests at any one time;Off-street parking is required for all guest vehicles;One identification sign can be permitted on the property not exceeding four square feet on either side;Meals, if provided, shall be served to only guests renting bedrooms in the dwelling;Obtain Town Business License; Transient occupancy tax and meals tax must be collected and remitted to the Town;Special Use Permit shall not transfer upon sale of property or membership interest composition of the holding company.There are more to look at.

As I was preparing the lease I noticed on the California Association of Realtors "Lease/Month to Month Rental Agreement" that there was a line advising that the Tenant's or their guest's personal property and vehicles are not insured by the Landlord, Manager, and HOA (if applicable) against any loss or damage from any cause. 

However, the HUD language explicitly states that FHA will not insure a mortgage (aka, you will not get one) "if FHA concludes that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining investment properties."

You'd earn between 4 and 5% compound interest, have access to up to 90% from opening, and create a future vehicle for cash offers on investment properties.

I’m no expert but I always thought it was a wealth building vehicle for the syndicator? 

Crossover with an increasing interest in structured debt, special purpose vehicles, and the profitability of syndicating collateralized assets, and the price paid for these assets, as characterized by expected return, has increased significantly while expected return has fallen off a cliff.We are improving our use of technology through on line marketing strategies, specifically our web presence, SEO, SEM, and identifying our referral base and directly contacting them to try to identify those investment opportunities that meet our risk/reward profile.  40 + years ago when I began real property investing, as well as investing in discounted second lien notes, it was almost a “pick and choose” situation.

You might say that the "business" in which I'm engaging with the vehicle is in fact property management. 

Economy was low) there were some very good deal down that way, but with the exchange rate where it's at and the rise in real estate south of the border it a bit tougher.As for BC/AB - Alberta is at a low - not sure if they have moved into their recovery cycle yet.For most parts of BC, especially here in the okanagan we are definitely in our boom cycle.That being said there will allows be decent real estate vehicles to use as an investment - what I would say is more important is what type of return are you looking for and building a plan around that and long term goals.There are good purchases you just have to be ps isn't and ready to act when the right one comes up!