I made my travel plans to visit the team in person, quit my job and said "Let's buy another one".

And why do they care if they have to pay taxes since it is an S corp, if they don't plan to sell it? 

Start with calling the planning dept at the city to define the zoning and allowed density 2.

Tonight is the night, after months of work with the state, county, and city we are presenting a site plan for the city's approval and zone change.Normally, I would not pursue a zone change but when I originally went to the city and proposed storage units based on its current zoning they said they wanted more houses.

You have to kind of buy as the momentum is driving it that way but not at the peak of it, weather the mark to market volatility that comes with it, manage the physical risk that comes with, and reap the blow out rewards that eventually will come if you bought in the right areas.If debt is cheap it makes sense spread the risk around cause your floor is a lot lower, if debt is expensive it makes more sense to own it and and actually qualify your risk in areas that demand is still high, and supply is getting constrained and force more pressure on it. 

This will need many months of planning by multiple families or groups. 

- How many personal use days (sometimes including family or other discounted renters) do you plan to have? 

I'm planning on acquiring a HELOC on my primary residence to help me with the down payment/expenses of my first investment property. 

Cheers,Devaughn Welcome to BP - sounds like you have a great plan and story!

Granted, change is inevitable, so I'm always planning ahead for likely changes to come.Good luck, Seth.