Quote from @Alex Silang: So I really like STRs and thinking about how much to put into it. 

Hello Alex- I primarily deal with long term rentals, and if you were looking into those options, would be happy to make some time to talk through any questions you may have. 

@Alex SilangAs someone who does lending I would lend on a long term rental over a short term rental 10/10 timesA STR is more running a business and always having to stay booked whereas long term rental is more stable.Higher reward available = higher riskBanks do not like risk

@Alex P.Here's a few references to start that may help you to find the answer to your question: Treasury regulation §301.7701-(3)(b)(1)IRS Private Letter Rulings 9807013, 200732012 and 201216007If you need help finding these or interpreting them, as well as knowing how reliable they are for you to use for your own taxes, consult a tax professional. 

@Alex Withorn I use a tool called Intellihost, and would highly recommend others check it out.

Alex the options are out there. for example this is under contract but there are out there: 149 Bissell StManchester, CT 06040MLS# 24038611$495,000Est.

Hey Alex, I'm actually a Realtor in Cambridge.

Thanks for the shout out @Alex Olson. 

Alex, I could see lower end and rental properties stay flat or even go lower in the short term until rents find some balance.

My friend Alex owns several million sq ft of industrial space in MN and he says industrial is the best, the demand was very high for last 10 years, vacancy rate is 3% and he charges on average 2k for 3000 sq ft unit of industrial space, that's why I decided not to do ministorages; more tenants-more problems to solve.