Beautiful property and the lender rate is great in this market.

The last few properties we have put on the market went under contract in under a week with multiple offers but they were priced right, were inline with the area but were done with quality and were in desirable areas.Unless you are dealing in a low-end market, a home warranty should be a standard inclusion especially for first time home buyers. 

I know lumber has come down significantly and have been reading due to a slow down in the market there is over supply coming from the lumber mills. 

You got bad advice from your prior accountant.You received rental income and it should have been reported.it seems like maybe he was lazy and/or doesn't understand rental concepts.The only exception is if he is paying 'under-market' for rent in which case the property would be considered personal use.I would fix the issue and charge him market rent. 

Hi friends,I’m looking to connect with experienced investors to discuss your current marketing processes.

When you're first starting out, set your prices 20-30% below market value.

Just make sure your LTR tenants keep their units nice, so your STR units' market well.  

Look at their marketing strategy.

Also, its cost in marketing and getting the right person in.

It's smart to invest now and be prepared for any market changes.