It has specifically banned STRs of secondary suites, though renting out primary residences or rooms within them is still allowed, subject to licensing fees and a nightly tax. 

However, land pricing is based on many other factors such as zoning, location, the city its located in can make a big difference if there are certain factors that give developers incentives to build there such as transit, low income, walking distance to rail and other things.

Hi everyone, I filled my taxes jointly for the first time.Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.Is this correct?!

Consulting a lawyer and accountant when tax season slows down but has anyone done this? 

If you want to use your income to underwrite the loan then you will have a longer seasoning / waiting period as those loans have different rules compared to loans underwritten by the rents / DSCR loans. 

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

So I posted the other day asking if I could get around passive income on my rental properties so I could contribute to my retirement account.

I think the main thing is do you have a book keeping system in place that allows you to efficiently break out all income and expense from the triplex, especially come tax time? 

In 60 days I will have a good income but I’d rather not lose my car or be without electricity.

It's 20% down but it doesn't go off DTI but income of the property (yes, even SFH for STR).