@Lucy Bennet Do you have a one participant 401k?   

To qualify as a real estate professional, a taxpayer must meet the following two criteria (IRC Sec. 469(c)(7)(B):More than one-half of the personal services performed in all trades or businesses by the taxpayer during such taxable year are performed in real property trades or businesses in which the taxpayer materially participates, andSuch taxpayer performs more than 750 hours of services during the tax year in real property trades or businesses in which the taxpayer participates.You must also meet material participation requirements for each rental (or group the activity). 

This combination allows for a potentially strong cash flow potential.Section 8 Availability: Yes, Petersburg does participate in the Section 8 program, opening up another potential strategy for rental income.Revitalization Efforts: The city is actively undergoing revitalization, attracting new businesses and improving infrastructure.

IE lake county IN if thats where it is you might get better participation.

Wont make tonight and Ive added the next one to my calendar.Im juuuust about ready to list a property as a mid term rental to traveling medical pros.This will be the first time doing this.Have had long term rentals in the past and would like to participate in both LTR and MTR depending on the deal.

I am proud to say my WHY is very clearly defined. it is TRAVEL.

Toledo's population has shrunk over 5% in the last 10 years, It has a median household income of only $39,155 vs $67,521, a poverty rate of over 25% and a higher than average unemployment rate, lower labor participation rate and lower job growth rate than average. 

Do remember when thinking to MTR to calculate in 7 days and less avg stays to qualify for material participation when self-managing STR for your tax year deductions as a business against your W2 wages.

On the other hand, feelings aside you should be proud of yourself for the investment your making.

Note: I'm only planning to do 1031 down the line and will be materially participating to meet the >100-hour IRS requirements.2.