House hacking with MTRs (30+ day stays) offers solid tax benefits, depreciation, pro-rata deductions, and no self-employment tax, but lacks the aggressive STR loophole advantages.Key Tax Differences:MTRs are passive (Schedule E); losses can’t offset W-2 income unless you qualify as a Real Estate Professional (REP).STRs (<7 days) allow losses to offset W-2 income if you materially participate, even without REP status.MTRs face fewer IRS red flags, and you still benefit from depreciation and deductions.MTR house hacking is tax-efficient but less powerful than STRs for offsetting active income unless REP rules are met.

Having this insight in advance will help crystalize your strategy and give you greater efficiency when you ultimately move to make an acquisition. 

@Max Engel with that being said do you have any tips on how to reach out to these owners in a meaningful way with efficiency?

I was hoping to use my $100k renovation budget on improvements that would force equity into the property (1 bed to 2 bed conversions of 2 units, HVAC throughout, some energy efficient windows, storage cages in the basement), but spending $58k to fix things leaves me with only $42k for improvements. 

I’m now building a simple one-page pitch site to help sponsors raise equity more efficiently.

Love that you’re focused on both expansion and financial efficiency.

New Double pane windows, new roof, siding, new drywall, restored hardwood floors, complete bathroom remodel, new cabinets and granite countertops , a complete electrical upgrade & for the most efficient heating and cooling 3 mini split heat pumps have been added.

@Lily Tang You're approaching your STR investment with a smart, tax-efficient strategy.

This cuts your time involvement dramatically without the designer price tag.Ultimately, the goal is to balance aesthetics with efficiency and cost and it’s very possible with the right system in place!

As soon as I can figure out how to get more capital through investing and I can get efficient with managing projects, I definitely intend to leave my profession to pursue full-time investing.