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.

Quote from @Esther Iroko: Hello everyone,Please I need an advise on what to do.

We just had an electrician come in to talk about our options for heating upstairs.Option 1: Electric baseboard heat - electrician advised against that for many reasons.

Please advise on legal counsel and your strategy to get paid

If it's not required, then I would advise against it from a cost/benefit standpoint.

Not sure I would use up my full emergency fund for a down payment, owning 2 properties and not having any funds for emergency is not advisable in my book. 

Unsure about STR regulations in Charleston but I would advise you to search "arbitrage" on this forum and read up on the hundreds of pros and cons responses here before diving in to any market using the arbitrage model.

Anyone with similiar situations please advise!

I joined their Academy program and took their advise to start investing while continuing to learn from the lessons in the Academy.

One more piece of advise to help make up your mind in the "pro" column: Georgia and Florida have started looking into the legal gray area of wholesaling without a real estate license.