By turning it into a rental, you may be on the hook for capital gains tax in the future vs using the 250k exemption for single filer or 500k for a married couple that files together on capital gains if you were to sell now. 

Got my first tenants (traveling medical) and they have renewed 3!

The tax exemption for Section 121 will not apply to the investment/rental portion. 

Within the next 5 years, I would like to get to about $10,000 per month in cash flow to basically be an insurance policy in case I am unable to fly due to medical reasons or an accident. 

Yes, Darren, it can apply to SFR, STR and small multi-families as well as major developments, manufacturing facilities, office buildings, medical buildings, etc.

Explore Exemptions and Deductions: Take advantage of any available exemptions and deductions for which you qualify to lower your property tax bill.3.

Oil & Gas, Banking, Insurance, Tech, Medical, Airline, Distribution and more.

As in some loophole that allows investment in real property through a tax exempt entity?   

Well, you can't pay bills with equity, so if I had a medical bill for $30,000 I'd be better off with leverage.

However, there is an alternative that will exempt a foreign investor from the mandatory 30% withholding.After obtaining an Individual Taxpayer Identification Number (ITIN), submit a completed IRS Form W-8ECI to Logical Property Management.Note: Do not send the Form W-8ECI to the IRS.