First I am assuming by several years it has been more than 2 tax reporting years since the 1031 exchange.

Aside from mortgage and tax filing implications, what other considerations should I be thinking of?

@Nicholas Aiola:Thank for very much for providing your expertise in tax related matters. 

Anyways onto my question:There are a lot of tax incentives to having an STR if you do it yourself.

I'm wondering if anyone knows of a good CPA in Davis or Salt Lake County who has experience doing taxes for real estate investors.Thanks,John

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..

I like the idea of getting around short term taxes and legislation.

I have been paying a lot of taxes every year from selling stocks and have a high W2.

Market rents from the appraisal and/or the actual rents need to cover the mortgage payment, property insurance, taxes and HOA (if applicable).4.

After all expenses I've shown a loss on my tax returns the last 2 years and it wasn't just a paper loss.