Thank you again for your response and insight.I have most luck utilizing the local MLS for minimum 6 month leases under furnished rentals  

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

Many people utilize LLCs for many different ventures because they do not want to go through the hassle of opening another LLC.

Renovated in 2023, annual gross rents $144k + utilities.

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

Are there any strategies here to utilize bank funds for our project?

Would be curios if folks have also just included the cost of utilities at this price and left it unpermitted.

I don’t have a problem paying a couple grand to remove some of the just figure it out stage of learning and utilizing expertise of people that already do it. 

I do own two triplexes in Scranton, and I will say the one issue is that you are going to be taking care of the utilities normally if they are not on separate meters, which could take a good amount of money away from your overall cash flow. 

.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.