Because of all this, if I were looking at STRs, I'd be extremely conservative with STR financial models right now--for instance, I'd want to include worst-case scenarios (like unprecedented vacancy) in my model, and I'd want to have multiple viable exit strategies on the table.

While price appreciation has risen, it is not to extreme levels like Charlotte.

I don't know about your specific market but most of the country has been in a extreme sellers market.

In college towns, house hacking should be extremely easy with long term tenants and you ll be able to collect a premium.I have been house hacking in Gainesville Fl for 4 years now and have never once wondered if I could find tenants. 

I've made probably 30 phone calls in the past hour and from what I can gather is everyone is extremely busy or it's not worth their time to come out to look at a property when its not under contract.

They are extremely hard to get rid of.

So everyone sees my in your face attitude, ego, and aggressiveness.. in real life I am quite the funny humble goofball, BUT i am extremely competitive, and some like me, most don't, and I don't give a crap.

He knows the ins and outs of every neighborhood extremely well and has contacts in the business as well as owns rentals himself. 

lol I am extremely skeptical of masterminds that charge fees to be a part of them.

.- When you plan to buy rental, buy rental that's cheaper than your primary- Depreciation is captured from building only on the first tax year so your example almost not possible in real world scenario- The PAL is extremely useful when you have other RE investments, this is what RE pro keeps doing to avoid large tax gains, for example if you have 5 syndication and 1 syndication post a hefty gain, the other 4 syndication PAL is used to offset that gain.