Every restaurant had a long line.

I wasn’t trying to be long winded, with too much detail, in my initial post but I actually did this method on a fix and flip.

Quote from @Jake Bute: Good Afternoon,I listened to Wheelwright's podcast the other day discussing how short term rentals do not have the same rules as long-term rentals when it comes to some of the tax laws around active/passive investing.

My favorite source is Navy Federal for its long draw period of 20 years, and Figure for its fast funding.  

He's probably someone you don't want in your unit for the long term.

Long time listener first time caller.

Lets add this mistake to my long list of Mistakes.

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

(Why not just rent as furnished long term at this point?) 

How long does it take to screen a tenant and find a qualified one for LTR?