You can go traditional DSCR and qualify off the long-term market rent to get a better rate and terms, or if the market doesnt support enough comps for LTR then you will use a common sense lender with the ability to underwrite off the STR income/market STR 1007 report.

Definitely run a title report on the property.

But my tax return is still reporting the % I own as investment.

Then call the city and report it.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

The September 2024 report from the Austin Board of REALTORS® (ABoR) shows housing prices in Austin and the greater metro remained fairly stable over the past 12 months.

One needs to understand how to check title on their own though.. spending 200 bucks on a title report your going to blow through a lot of 200.00s as I mentioned above not many actually go to sale.

This way, their allowance becomes wages, which can be deductible as business expenses.However, keep in mind that many property management company owners report that margins are often tight, especially if you’re only managing your own properties.

I was currently a constructing an in depth report on each property so I will use that to classify the properties as you suggested. 

Automation of Property Management: Say goodbye to the days of tenants texting and calling you at all hours of the day to report a maintenance issue.