For an ARV of 200k I would look at Riverside.

I’m also an agent, if you’d like some perspective feel free to reach out. 

It just proves it's possible.Let me give you an example.You spend $5K to send out 3,000 mailers, and you barely make a deal.

Would we still be vulnerable at that point, even if the property is in an LLC?

My spouse is the only one with an income and he’s military.

@Michael Ludwig Others have defined it perfectly but I’ll use an example based on your St Cloud location for the 1% rule.

Third Largest City in Alabama with an unemployment rate of 3.5%.

Is it in an area you are able to execute as a STR?

So it is great you have an agreement, but in order to enforce it you would need to go through the courts.

It appears TurboTax (downloaded version/Forms) doesn't have the capability to report an exchange of one residential rental for two residential rentals.I am entering this transaction myself through TurboTax, but I would appreciate feedback from the community on the correct forms that need to be filed.