Regardless of legal nuances, I can tell you from extensive professional experience: Don will WIN an IRS audit for his Subject-to interest, as long as he can show that he made the payments.

Find someone who can help you dial down on what YOU want as an asset, and has experience with that kind of property. 

Secondly, you'll definitely want to confirm with a tax strategist with experience in the STR space to confirm if the setup you describe will pass as an STR with the IRS. 

I’d love to hear from people on Long Island about your experiences!

I'm particularly passionate about the Detroit and sout east Michigan area.Outside of real estate, I enjoy converting vans for Van Life.Excited to learn and connect with you all! 

I manage around 400 rentals with 14 years of experience and have never been sued once.

Sure, all channels can work, even seller financing or foreclosures, but in my experience, a well-connected agent can uncover hidden gems that often outperform the trickier avenues.Since the post is still fresh, I’m curious.. do you foresee other potential add ons that might elevate the returns even further, like corporate housing partnerships or short-term seasonal leases?

@John Underwood what were some of the experiences you've heard?

So I gather this isn't a deal that most of you with experience would do? 

In my experience that's not actually the case at least in legitimate evictions for non-payment of rent or breach of another part of the lease.