I see you are in Orlando so interested in more context of this post/is there something I am misssing. 

We have guests there from 3 to 15 days at a time and it is way out in the boonies so there isn't much of chance at this happening.I don't agree with shorter stays causing more problems.

Hi Katie, I wasn’t sure where to start in SoCal either but what I’ve done is I bought a SFH with a detached garage in riverside county.

This is because the special allowance is reduced to $0 since the modified adjusted gross income is over the $100,000 amount.There are several examples with different limitations in this publication - so I would read it to make sure which one applies to your situation..My guess is that your CPA is on point... but will let you be the judge.All the best!

VA doesn't allow this so the moneys to be paid are added to the project. 

Also the years and unit count add up, we have great tenant retention so while the number of unit/years is possibly 500, I suspect LTR tenant count is ~50.  

My main goal has been to keep buying rental properties, however, so far my experience has been a very challenging one in Canada because of the tenancy laws, and interest rates.

I would not to take on unlimited risk of a capital call from a management company I cannot change.What is the resale market like? 

My family and I just recently took a short vacation to Wilmington and the house we stayed in really lit a fire in me about getting started because it was so ideally situated. 

I learned a lot building my geo dome and other cabins, so I'm sure I'm in for some surprises again.