Post Occupancy Agreement requested by Seller

[Brian C.]

Hello Everyone,

This is an accounting related question: I'm putting in an offer on a property to convert it into an STR. I understand to qualify for it to be an STR, average 7 day threshold needs to met (among other things). However, the seller is requesting a post occupancy agreement for the next 30 to 60 days. How does this affect my STR average day requirement? I'm guessing this would be considered a LTR for 30 to 60 days of occupancy. Would I have to count that as part of my STR days after I take possession and start my STR business? Would love to hear back from some investors or tax professionals that have dealt with this. Thank you in advance.