For the most part, I don't consider smokers to be any different than the rest of society.

A few options:House hack a 2–4 unit: low down with owner-occ loan, live in one, rent the rest.

If your rent is above what CMHA considers “reasonable” for your area + amenities, or above what the voucher will cover (especially if the tenant has to cover the rest), then tenants might not apply because the out-of-pocket cost would be too high.2.

Since this will be a vacation rental that your family wants to enjoy, I would focus on STR for high season & the seasons you want to stay and MTR the rest of the year. 

I'd recommend looking into house hacking to start (duplexes, triplexes, fourplexes - move into one unit and rent out the rest).

Let the title company do the rest. 

Hi all,First, yes, I am going to contact a CPA. I just want to see the general opinion of others to collect as much data as possible.This will be our first rental. We moved out of our primary of ~10 years with the int...

And a 20 year amort with 5 year balloon on the land and rest.  

Some unlucky soul will get stuck with a twin bed, while the rest of us sleep like KINGS!!  

It really comes down to building the right team (agent, contractors, property manager if you want one) and using tech to handle the rest.