Quote from @Bruce Steinetz: Hello fellow, investors.I am trying to help a friend, who is thinking about converting his private residence into a rental because he is moving to a different city.

@Alana Reynolds I would say take advantage of STR tax benefit as it is already October and then convert to LTR fresh next year and document your narrative why you changed for audit defense.This post does not create a CPA-client relationship.

There’s really no such thing as Light as it usually always converts to heavy. 

It’s to build something that eventually runs without you.

I asked for a follow up inspection and they said I would have to pay for it myself, although the rehabber did eventually agree to pay for the second inspection.

The front loading washers will eventually have an issue that the door is latched shut and tenants will pry the door open.  

I am planning to move out of the state in Spring 2026 and wonder if converting the home to a MTR would be a better strategy.

My long-term goal is to create profitable projects—either rentals or flips—and eventually scale into multiple properties. 

i dont know how many 5 star reviews you have, but you will eventually get lower ones.

The rents were high but they eventually pulled out of the market because the free market said- No.