Seems odd as this would be a business expense for my business.  

The online gurus are the worst.

The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

Quote from @Michael Smythe: @Tuan Tran don't fall for all the hype about S8 by so called online "gurus"!

Treasury, HUD, and market participants/investors will have to carefully navigate many thorny issues, including: - Increased Market Competition: Fannie and Freddie will compete more aggressively for mortgage business, which will lead to innovation but also potentially higher risk-taking.

Yes, this is "tough love", but you won't survive in this business if you let it affect you:)

I recently moved from France, where I spent 8 years running my own house renovation business.

It is important to remember you own real estate in the Poconos and you are choosing to operate a STR business.

As good as offsetting all his W-2 / Business income?

I was seeing information online that suggested both routes...Thanks in advance for the help!