To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

It is definitely a bit more tricky on an investment property, but it can for sure be done.What area of Chicago is the property in? 

What if you keep the property the way it is, use it as an equity builder..

Hi I'm gege new to the site starting the Wholesale investment and need help finding seller, where should I brand myself is there an email pitch or a call pitch I can send to seller, like people in foreclosure, or bank...

At one condo development where I owned property, they did not exceed the rental limitation, but none the less were not certified for FHA financing. 

I put my first property in Bend, OR with Avantstay and the number one thing I have to share is: they take very good care of the property. 

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $289,000

Cash invested: $50,000

Live in/flip then LTR

@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

What goals do you hope to achieve through this property?

Also, what is the equity in the property?