While renovations and other expenditures can be capitalized (and in some scenarios deducted) when you classify property as a rental, that might not be a significant impact if you intend to sell the property soon and can qualify for the 2 out of 5 year deduction for primary residences. 

Rachael, I just posted to classifieds a great sfr in Seminole if youre interested, expect wont last but a few days

Joe, I would not classify the request for 100% financing to be a scam.

@Cameron Porter helpful tip - this post will get removed by a Moderator as ads are supposed to be under the Classifieds forum:)

(Call your probate court and ask how and when these are published so creditors can be notified).They are published in the newspaper usually in the classified ads) on a particular date each month.

The basic fees on a loan make up too high a percentage on low priced loans which classifies them as predatory.

Check the Classifieds.

Much of Detroit is "block-by-block", but that won't work for OOS investors.So, we've classified all the Neighborhoods to help investors make more informed decisions.DM us for more info.

ordianry income is how i have seen it classified . 

The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.