I'd use a Schedule E for my tax return listing this condo property on its own page.I believe we (in Indiana) are a community property State. 

I start school at Collin College in the fall for real estate, so I’m looking for an on hand experience while I complete my scheduled courses. 

We would be excited to join the next meetup as well if it works in our schedule. 

For those STR operators and investors that are not comfortable self managing (communication with tenants, scheduling cleaners and organizing supplies) one option is to hire a designated full/part time employee. 

Mortgage interest is (potentially) deductible as an itemized deduction on Schedule A only if it is secured by that given property. 

However, just before work was scheduled to start, the foundation company informed us of severe, uncontrollable settlement issues that made repairs unfeasible.Given the significant delays and additional costs this would entail, we made a quick decision to sell the property to another investor.

There is still reconstruction to be completed and that is scheduled.

You should know the following:What websites your property is being advertised onHow it looks on each website (some make alterations)How many views your property is getting on these sites (Zillow makes this easy, others share no data)How many showings you've had scheduled and how many completed (there's always some cancellations)Feedback from showingsYour PMC or agent should be giving you updated CMAs every 30 days to see if the market is dropping and your price is in synch.

Please feel free to reach out to me and schedule a call.

I recommend considering a 30-year amortization schedule with a balloon payment due in 5 to 10 years.