A short-term rental with a stay of 7 days or less + Material participation =also non passive.

Or does your financing terms require you to do something else (which is why we need to ask question #2).Maybe the original poster will respond as well but those are the 4 items I would tell you to uncover.  

While OZ investments offer significant tax benefits, assess property risks and long-term potential beyond the tax savings.This post does not create a CPA-Client relationship.

I'd underwrite the property, with that low interest rate assumable mortgage, to cash flow positively from day 1 as a long-term rental, but be willing and able to use the rent by the room strategy or to rent out part of the property as a Short Term Rental to dramatically increase cash flow during my occupancy. 

very sorry to hear that. a lot of "professional" unfortunately only look at you as a number and not a long term relationship. you should be able to put a complaint against home inspector to hopefully recover some damage they missed

There are very successful STRs here, you just have to know the best areas to be profitable. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I'd sell because you are reaching the time when you lose the cap gains exemption and that $24K would take over 2 years of renting to get back.I had a condo that I owned for a long time and I sold it despite it being paid off and having long term tenants. 

Besides, Lorrie Morgan was no Patty Loveless or even Pam Tillis :P And I liked her husband better anyway; frankly, if he hadn't died I don't think anyone would even know who Lorrie Morgan I agree that Lorrie was not the natural talent that Patty was (best ever, IMHO), but she did have a pretty serious voice.....helps to have a famous and successful Dad and go on the Grand Ole Opry at age 13 !!

In short: $4.25M Purchase Price. 15% down. 3.25% with seven years remaining.