Is there a 'generally understood' practice in this regard? 

No to anything related to good business practice.

Practice with a partner.

A look into Austin MSA related to real estate before & after the COVID-19 pandemic, and into the future.I wrote a similar paper almost a year ago today, good cross reference for this read.Leading up to and continuing through the “Stay at Home” order, which went into effect Tuesday, March 24th — the sellers market went from red hot to, “what do we do next.”Investment buyers across the board repositioned themselves — with iBuyers like Zillow and OpenDoor stopping purchasing completely, large funds lowered buy price requirements by up to 10%, and local investors were waiting for the dust to settle for the most part.A 10% drop in buy price standards is substantial and a direct reflection of how low demand was in mid-March through April.Speaking from a realtors perspective, throughout all of this and despite realtors being deemed essential, the COVID-19 etiquette/standards took some time to develop.Every governing body related to real estate was looking into and implementing best standards and practices for real estate related job functions.As a result, listing activity was down immediately — April saw a drop of 21.6% in number of sales year-over-year, while May saw the biggest dip in year-over-year sales at 29.2%.

Yes, all my investing is in my hyperlocal region, however this year I will be doing some more far-reaching investments, as I preach to out of state buyers, I would like to practice what I preach!

They get to practice numbers , fine motor etc. 

Apparently there are companies who specialize in all of this information so once you find them, they work out all the paperwork, get paid thru grants, and you get the install for practically nothing.

DJT is right- every American is entitled- and expected- to practice tax avoidance(via depreciation, 1031 exchanges, or whatever, the tax code legally allows) but tax evasion is a different animal.

The Airbnb stuff is practically useless. 

Notify your insurance agent as soon as practical, and decide who will be actually making repairs.