And I can continue buying without being forced to sell.

Generally if you average 7 or fewer nights or 8-30 nights and provide "substantial" services such as tours, house cleaning during a stay, meals, etc you DO have to pay self employment tax.Kudos to this CPA site (tarlow. com/2018/01/02/tax-ramifications-short-term-rental/):"When property is rented for short periods, special (and sometimes complex) taxation rules come into play, which can make the rents excludable from taxation; other situations may force the rental income and expenses to be reported on Schedule C (as opposed to Schedule E).If you have been renting your home or second home for short periods of time, here is a synopsis of the rules governing short-term rentals so you can prepare yourself for the upcoming tax season.Rented for Fewer Than 15 Days During the Year: If you rent your property for fewer than 15 days during the tax year, the rental income is not reportable, and the expenses associated with that rental are not deductible.

This will have a positive impact on the city, gentrifying the parts that have good locations.

I don't want to force either tenant to keep it spotless everyday as that seems very micromanage-y and overkill.  

Can purchasing a rental property, cash deal, effect my ability to purchase a primary property.The cash purchase has no impact on my seasoned funds or my down payment because I’m utilizing my VA certificate to purchase my primary property.

Own a single fam home that we live in, and trying to build equity via early payments and forced appreciation by doing upgrades by adding sq ft, a bathroom, etc.Once completed I was going to get a home equity loan to pay for a rehab investment property and do BRRRR.  

My concern is impact on future liquidity if I start to build a portfolio and that's why I asked.

Find some that are mismanaged and force appreciation.

I work 10-12hrs 5 days a week, make 65k a year, I'm 40, 3 kids, just know its time to think big and get out of the work force.

@Beth BarnesInvesting OOS long distance is more difficult at first, forces you to find your “Core 4” one by one and you are force to learn quick sink or swim turn key I would imagine is easier but you’re paying a premium price for that luxury..