I am faced with a decision of paying 50k> to purchase a lot in a regulatory flood way or >75k to purchase a lot not a flood zone.Obviously as investors, the numbers matter, so is this an action I should enact on or should I avoid the flood zone and purchase the higher priced property or take the risk? 

It's all about formulating a strategy, and taking action.

So congratulations again on building your capital, now take ACTION!

Fifteen second videos and pictures- you will need about 1500 of them to get some action.

Over the last 6-7 months, I’ve been doing my best to “get smart” on real estate investing, starting off with Rich Dad principles, which led to Rich Dad Advisor (McElroy, Sutton, etc.) audiobooks, which led to BP podcasts and doing YT research on tax benefits…I’m feel ready to take action and start putting everything into practice but still not certain which method is best for my first investment property.

We do positive actions like insulate, install new windows, and install high efficiency heaters and appliances.

Working educating, networking and then just start taking action. 

Customers in the shoulder season appear to be much much more price sensitive and highly prefer payment plans.

5) Create / update your portfolio architecture action plan - Write it down.2) Focus on your return on equityThe "Buy" spreadsheets and numbers become less relevant every year. 

Or could you demonstrate that it was always a short-term rental from the beginning simply based on your listings + the several guest stays in the following year(s) during auditWithout specific guidance, I would take a risk-based approach, and call it an STR if the intent and preponderance of the subsequent actions suggests it from the service date.Is there a tax court case that establishes this?