The rules don't take effect for 6 months, but the message is clear.Cities want their hotel tax revenue.Cities don't want those big bad real estate investors to make too much money.Cities don't want rental inventory disappearing from the market.Don't make a highly leveraged 25 year financial commitment on the assumption that current market conditions will remain the same.I stay away from things that the general public get into and it seems everyone wants to rent out an extra room or home.

Feel your pain.

I've attached one link.From a lender's perspective, it's much more of a pain to do the parent and then children LLC's because we need the entity documents for all of themmost lenders require the LLC to be specific to their transactionyou'll need to keep the funds separated and many times, the LLC doesn't have the assets for reservesthe filing fees for each entity can become onerous and if the property is in a different state, you'll need to provide the foreign entity registration as well as the certificate of good standing in each state   Instead of setting up all of these different LLC's etc..., until you get to a point where you can no longer use Fannie Mae and Freddie Mac financing, get a good umbrella liability policy so you can enjoy the more favorable financing.https://www.biggerpockets.com/renewsblog/the-tradi...

I plan on holding for rental income after purchasing the next duplex.I really do need to get better on crunching numbers so i can figure out specifics myself its just painful to learn the hard-way!

It was painful for me. 

Here are some thoughts:Is the upstairs tenant a pain with other things?

It was a pain in the ***. 

Gotta be a few that are more of a pain than others? 

Rather than having that FMV/appreciation disappear, we wanted to turn it into something tangible.

the reason I want to partner with a contractor is being new to fix and flip, it'd give them more incentive to do better work and not just disappear, be cost conscious, focus on "our" property.