A few more clarifications: The revocable trust we have has many other assets attached too including primary residence, bank accounts etc which we don’t want to attach to the LLC.

I received an update from my accountant and it seems the timeline of events did provided some clarification and reduced my taxes by $6k from the original $16k. 

I'll finish with a clarification of my last point.

I would have to call again tomorrow to get more clarification.

At least, read carefully David's clarification on what it means.- You may think that you must qualify for Sch C in order to claim losses.

I just wasn't sure how the CSA and accelerated depreciation would be impacted should I convert it to a personal residence 2 years after the rebuild.Sharing this clarification up front would have produced better targeted responses.When you convert a rental property to a residence, nothing happens tax-wise.

Both are attainable options in the Poconos. 

I'd greatly appreciate any information, clarification, or advice on this matter.Thank you in advance for your help!

Generally "multifamily" in real estate will tend to mean 5+ units, but if looking for 2-4 units your current options that you listed are pretty good - but would not apply to anything bigger by unit count Hi Robin, thanks for the clarification.

Oh ok, that is a good clarification.