Regardless, you will likely be adjusting the expense base to reflect the tax reassessment (which you can obtain from the local county), insurance (from your insurance broker quote), property management fee, and usual repair/maintenance expenses/admin/advertising/contract services/utilities.

Short term gains are taxed at your ordinary rate.Active income, though, is always taxed at your ordinary rate.

Is there a difference in rates or process?  

Any help is greatly appreciated.Thanks,Correy Rental ADUsFor-Sale ADUs1shall be affordable, including an allowance for utilities, at a rent that does not exceed:shall be affordable at an affordable housing cost that does not exceed:Very Low Incomehouseholds30 percent of 50 percent of the area median income, as adjusted for family size appropriate for the unit.30 percent of 50 percent of the area median income, as adjusted for family size appropriate for the unit.Low Incomehouseholds30 percent of 60 percent of the area median income, as adjusted for family size appropriate for the unit.30 percent of 70 percent of the area median income, as adjusted for family size appropriate for the unit.Moderate Incomehouseholds30 percent of 110 percent of the area median income, as adjusted for family size appropriate for the unit.35 percent of 110 percent of the area median income, as adjusted for family size appropriate for the unit.

Inventory is up, transactions and mortgage applications are up, mortgage rates and prices are generally flat. 

You can automate your self and spend 15 minutes a week reviewing pricing in your market and adjust as needed.

Rental Amount: Charge "normal" market rates, higher?

This also has the benefit generally of paying a lower marginal tax rate throughout your years of saving for retirement.

Hold periods need to be adjusted.  

Right now, this strategy will not work because rates are so high that you would have to really take home a windfall for the appreciation to get you down to no money in.