But all interpret their own states foreclosure laws.

I think Landlords are better off using strong policies, knowing the law, acting quickly and professionally.

This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.

I am reporting every one of them now as this has gone on for years and is ridiculous that people don't know how to follow the law! 

Or do I need to do it strictly as an investment property? 

The law allows you to put all the deposits in one account.

Depending on state law the buyer will have a certain amount of time to remedy this violation of covenants. 

Know and obey the law.

Legal RequirementsIndiana landlord-tenant laws are generally landlord-friendly but require you to be diligent.

What I share comes from my experiences in court room and mind numbing hours of study and research in a law library on contract law and interstate compact.