It is really hard to make the case that if you have a full time job, you would fall under the 500 hour rule.

Do you guys still apply that rule? 

@Seidy Lasker Wash sale rules apply to stock options if they are deemed "substantially identical" to a security sold at a loss within 30 days, such as options with similar expiration dates or strike prices.

I invest in the Kissimmee area, #1 rule of buying real estate is location. 

The 50% rule - in my opinion- is used solely as a quick back of napkin calculation to determine if it is worthwhile to do more investigating of a property. 

The 1% rule is simply a rule of thumb type filter.

Or maybe a favorite way to stay updated on local rules?

Quote from @Sherylyn Holden: I posted awhile back about the new short term rental rules in San Antonio here: https://www.biggerpockets.com/forums/530/topics/1200417-new-...Wanted to share a brief update on my experience and some other helpful notes:The city is getting serious about these rules.

My dad and I (both with access to VA loans) are about to get into the multifam game and how we proceed is really going to depend on the true occupancy rules for the VA and our lender.

If the area can support new construction, determine the best style, size, and type of new build for that area.3.