I am targeting homeowners with dilapidated homes that need repair and offering to pay for the rehab and split the profits with them at the end of the project after the sale of the home. 

For the income to switch to Sch C reporting, you also need to offer services similar to that which a hotel might offer such as daily housekeeping, food/drink, and potentially various other amenities depending on how you'd like to qualify.What you describe is simply changing property managers, it doesn't really matter whose name is on the AirBNB listing.

Hey @Casey Haight, I'm also based in Salt Lake, and was in a similar position back in 2017.

So here is a partial list of people who might be more inclined to listen to your offer of a cash discount, or some type of vendor financing:Financially Distressed HomeownersThese are people who may be facing financial hardships such as foreclosure or debt.

I'm based in NYC and managing the MTR apartments remotely has not been a problem. 

I've seen a few different options for calculating depreciation and am wondering how to get the most bang for my buck.Depreciation does somewhat depend on the timing, however I would be strongly against making purchasing decisions based on taxes.

Or are you offering cleaning & maintenance services?  

I just figured I wouldnt be able to qualify based off my W2 income.

However, the days of multiple offers significantly over list price might be waning.For buyers, there's a sigh of relief.

Most of them have offers and are under contract.