I currently reside in CO so looking to invest remotely.ThanksHi Mathew, I would also recommend looking into the Columbus OH market if you're planning to do BRRRRs.

If I were in your shoes and you wanted to keep them on MTM I would have them still sign a MTM lease and make the one resident pay a deposit, assuming you can sign new MTM leases in your area.I personally would still probably shift them to longer-term leases anyway, but it's not a bad idea to feel them out for a few months.

Every adult residing in your rental should apply, be approved by you, and sign the lease.

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

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

You are close to (or maybe past) your primary residence capital gains exemption, so I'd take that in to consideration too.

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

There are a lot of factors to consider here, but if you can keep your current residence as a rental, I would do that, possibly even a STR or MTR. 

Augusta, GA is the home of the Masters and a lot of folk vacate their residences in order to make some cashola.I don't mean to bust your chops on this as the info was great, but it isn't a loophole and the IRS doesn't consider it a loophole.

But we'd also like to be compensated for this cost especially since we are offering our residents a service.