Assessed land value was $40k.   40/188 (Assessed value) gave me my %  (21.27%) of purchase price to apply to land ($59k).

I'll take your advice and apply it.

Atlanta has some new laws that require any STR host to apply for a "short term rental license."

Granted, If your househack ends up being  an owner occupied duplex in either state, your risks are lower as some of the same rules don’t apply to you as an owner occupant, but it’s something to be aware of, especially if you plan to eventually move out and become a non occupant landlord.

The 3 of 5 exclusion on your personal residence only applies to a portion of the residence that you occupy.

If we dont take initiative to come to an agreed upon set of rules at a local city/county level, where STRs can survive and local full time residents can live together,  we risk letting the states make rules that apply everywhere.

Best of Luck, The 1 year doesn’t apply to when/if you are allowed to transfer title…that is the required occupancy period when buying with an owner occupied loan.  

I’d then like to rent out the multifamily and leverage, if possible, the equity from that investment property into our SF primary residence.From what reading I have done it seems the consensus is to not wait for the market to invest, but does this apply to a primary residence as well (what about a potential bubble environment, maybe another post required…)?

How to Apply for a NO-DOC Multi-family Loan?

You never know what speaker will "click" and you will learn nuggets of wisdom to apply to your specific situation.Calling lenders and setting up a meet and greet is a great idea!