@Antonio Ward JrI think that for tax purposes the property may be treated as a rental once it is put into service as an income producing STR.

I’m curious, what’s one expense you kept on purpose because it truly mattered to you?

The study needs to done for tax filing purposes?"

Bridge, DSCR, and refi all serve different purposes depending on timeline.

So for easy purposes again if we as the LLC flip a house and net $50,000, if my percentage of ownership in the LLC is 20% would my K1 show $10,000.00 in income to me which would be added to my overall income?

I plan to get my license with the primary purpose to save on agent costs, access to the MLS, and gain more experience in the real estate industry.

Quote from @Shane Bishop: What are the most effective methods for keeping time logs of the work we're putting into our short term rental property for the purposes of qualifying for the STR Tax Loophole?

Michael,I've actually considered doing it myself for tax purposes but, I'm also considering paying someone at least until my day job is more predictable as far as the time I must dedicate outside of normal business hours to be successful.It might be a good compromise to do the managing myself but, finding a cleaning crew to assist with turnover. 

I see this is a few months old, but just wanted to chime in that a borrower's age does not matter for lending purposes for any loan type. 

For example, non-rental primary residences do not qualify for cost segregation, since the property must be held for business or investment purposes.