@Ashish AcharyaYou're merely reproducing the IRS position, the one I specifically challenged.

Having worked with investors who’ve transitioned from LTRs to STRs or MTRs, I can see why Johnson City would be appealing.You’re right to consider the university, the med school, and the hospitl as potential sources of consistent demand for MTRs.

While it is true that the need for affordable housing exceeds the supply, she does not accept that predatory investors use mobile home parks as a source of passive income.  

Here are a few additional strategies that might help mitigate risk if you decide to rent the property:Hire a Strong Property Management Company: While you’ve already spoken with some PMs, consider finding one with extensive experience managing single-family rentals in Cook County specifically.

We absolutely love it and are very interested in buying a multifamily investment property in the area specifically a duplex.

I’ve been trying to learn a lot about Airbnb and want to get into that side specifically.

Income will depend on your plan for the specific asset. # of units doesn't necessarily equate to how much income you could make.

I the understand the wiring for this specific purpose equipment can be considered with the tangible property. 

The best defense against rats entering your property is to seal off all entry points (holes, cracks in walls), remove food sources (dirty dishes, food left in trash cans), and water sources (like leaks). 

@Vidit Maini You might want to be more specific regarding what type, if business you want to start.