Having been in the lending space for a while now,  Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA. 

In fact, when you think about it, in terms of length of stay, they are closer to STR.The one fact that the “MTR are really LTR” crowd seems to be hanging their hat on is that any stays of 30 days or more provides the tenant with normal “tenancy rights” in most jurisdictions.  

Local Credit unions and small regional banks.  

Banking on one buyer to purchase a property at $400,000 above the estimated ARV can easily go sideways.

This deal was financed through State Bank of Missouri as a Commercial Loan through my REI, Alpha Baller Real Estate, LLC.

Is it possible to open a bizz bank account without ITIN?

REOs are typically bank owned properties that are on the MLS.

Perhaps the conventional 5% down, but since I am self-employed and write everything off, I am being told that I would still need to put down 20% and provide a year's worth of bank statements to satisfy the underwriter.My question for the community is: does anyone have any ideas on how I might structure my first deal to acquire property number one?

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

And what company/bank do you think gives the best opportunity/deal all things considered?