My specialty as an example is working with investors looking to build portfolios of Short Term Rental/ luxury vacation properties all across the US.  90% of my clients use the 10% down second home occupancy loan.  

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?

I utilized those funds to purchase 18 rental units.

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. 

And via the clustering we are utilizing green-space in a communal manner thus reducing foot-print of that BUT retaining such perception as each unit has walkout to what seems a BIG green space.

I'm trying to figure out a way to utilize a large storage building at one of my MTR listings in Memphis.

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

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

What about the utilities, property taxes, maintenance and repairs, capex, etc. are any of those optional for you?

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