I reached out to one of my main contacts and he said that these programs no longer exist, sorry!

The main reason I decided not to do it myself, for now at least, is my reluctance to leave my full-time job.

The main goal of the tax was to prevent people from buying large lots of land, subdividing, and selling.And yes, it doesn't apply if it's your primary home, expires after 7 years, and is pro-rated less and less throughout those seven years.Hope that helps,- Tom

And it beats trying to find a nice quiet place in the city to catch a nap, or get a few minutes of quiet time to unwind, or even complete some business work (used to think Starbucks served this purpose.)An interesting concept that has lead me to wonder if anyone else is taking advantage of this in conjunction with their AirBNB strategies, or any other strategy.

Most have been for flipping purposed but there are a few that do buy & hold (often with creative finance here). 

I think one of the important considerations is to assess if the tenant is being purposely fraudulent. 

@Tony Han I’m still not decided on the whole turnkey vs. build-a-team on the ground approach... its actually one of the main questions I have right now.

AirBNB can be passive income for the owner (that was the purpose of outsourcing the management, right?) 

Certain types of loans secured against deposited funds, where repayment may be obtained through extinguishing the asset, do not require consideration of repayment for qualifying purposes.

I purposely leave things they can do and learn from and be paid for.I'll always keep some core competencies I do well and like doing (like tenant screening), but have been paying others much more in recent years.