The last few properties we have put on the market went under contract in under a week with multiple offers but they were priced right, were inline with the area but were done with quality and were in desirable areas.Unless you are dealing in a low-end market, a home warranty should be a standard inclusion especially for first time home buyers. 

In an article I read Michael Galpen of B of A says the housing market is stuck til at least 2026 if not longer.

You got bad advice from your prior accountant.You received rental income and it should have been reported.it seems like maybe he was lazy and/or doesn't understand rental concepts.The only exception is if he is paying 'under-market' for rent in which case the property would be considered personal use.I would fix the issue and charge him market rent. 

All good questions from other posters.1) Is this a primary residence or secondary investment?

I know lumber has come down significantly and have been reading due to a slow down in the market there is over supply coming from the lumber mills. 

Just make sure your LTR tenants keep their units nice, so your STR units' market well.  

When you're first starting out, set your prices 20-30% below market value.

Look at their marketing strategy.

It's smart to invest now and be prepared for any market changes.  

There is variance in markets but I believe most high price markets are like my market with 2 primary plays 1) patience.