If it is interest bearing than most states require that a portion of the interest goes to the tenant.

in Oklahoma is a real estate license required to manage properties?

If that means renting it out 2x for 1 night each, then so be it.I'd recommend doing everything yourself for 2024 to meet the material participation requirements.

One note, one balance, one solitary headache to worry about.

Modern codes might require 5 in a room like that.

Primary residence mortgages require you sign documents stating it will be your primary residence and you'll live there at least a year.

If your using financing the bank requires this.

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If the deposit does not cover the charges, then you should consider whether you want to pursue collecting the unpaid balance or write it off.You did the right thing, and the tenant's behavior proves you were right.

Either way, it sounds like significant renovation will be required.