@Jonathan B.Assuming you pass the "material participation" test for 2023 and did not use the property yourself (or used very little), you should be able to treat it as an STR for 2023, including bonus depreciation.  

Quote from @Robert Ellis: Quote from @Damien Davis: Hello BP Community,I'm a rookie investor, only have one deal under my belt (Long term rental) and it's been treating me very well.

Treat it as such or the tenants will try to take advantage of you as well.If you jump rent $400 per month they could just move out.

If you're looking to treat this as a regular rental, then charging undermarket rent throws a monkey wrench in that. 

We would like for the investment to be treated as active, of course.

Do you suggest file 1065 or be treated as disregarded entity on schedule E. 

Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

If you are just starting out, this is for you:When you buy an investment property, it is treated differently than a house you are going to live in. 

I’ve been contacted by the Angi company but I’ve read a lot of negative comments regarding how the treat their contractors.