The key here is be sure you stay consistent with your implementation of this policy.  

If my best fiend told me they were going to implement this plan I would tell them not to.Dave Ramsey talks a lot about making a career switch from your W2 job to your self built career.

Factors which the commissioner may consider with regard to an application for a commissioner's adjustment include, by way of example and not limitation: (i) the relevant geography, (ii) the relevant population density, (iii) the degree to which the sought adjustment varies from the prevailing limitations, (iv) the size of the relevant building and the number of units contemplated for the proposed use, (v) the legal nature and history of the applicant, (vi) the measures the applicant proposes to implement to maintain quiet and security in conjunction with the use, (vii) any extraordinary economic hardship to the applicant, due to special circumstances, that would result from a denial, (viii) any police reports or other records of illegal activity or municipal code violations at the location, and (ix) whether the affected neighbors support or object to the proposed use.

Quote from @Trevor Hough: Hey everyone,Kind of interesting a place that came to mind was Denison TX, but about a year or two ago they implemented a rule that you could not build MF (duplexes) in single family neighborhood. 

I'm a fan of profit first so I like to have the profit first accounts at the holding company level.As long as each entity that holds property is "disregarded" for tax purposes, I like to hold credit cards at the holding company level as well.But, for me at least, it all starts with the entity structure.Since you don't have any entities right now, I would probably have a checking per property if you have 5 properties or less just to make things easier on you as you're just getting started with the REI game. 1 less thing to worry about keeping straight.Once you grow, you'll need to implement systems and processes that allow you to keep up with each property's transactions without having a separate account per property.

Tools I use for my STR business are Hospitable, Safely, & Touchstay.Important note to consider:If you're the go-getter type with time to spare and want to be hands-on, I'd recommend self managing and capturing as much revenue as you can by implementing tools like PriceLabs, Hospitable, TouchStay, etc to run a more efficient STR!

Pick one and implement it, one that handles all tenant communications. 

This is certainly exciting development news, though I share some of Bill's concerns about the underground parking garage given the area's flood history.I wouldn't be surprised if we see a flood map revision as part of this process, which unfortunately is a common municipal approach rather than implementing comprehensive flood mitigation.

You might also consider negotiating a seller credit at closing to help offset future repair costs or lease transition expenses.Should you decide to move forward with the purchase, be sure to implement a strong asset protection strategy.

I would discuss with a CPA to go over the tax strategy to ensure you're implementing everything properly.