Recommendation: Contact a qualified professional.

I would also spend money on a professional photographer.

.- Strong Rental Market: The city has a robust rental market due to a diverse population, including students, young professionals, and families.

@Marc ShinI'd hire professional management...If it's going to be an STR, you really need it to be top notch, appear top notch, and be managed top notch"Minor updates" may not cut itBut I only have the limited information you posted

I don't want to give my opinion to you here based on my experience with clients but I would definitely ask your tax professional on their opinion because you might be surprised by their answer.

I look forward to getting to know these markets better and connecting with fellow real estate professionals here.Any advice or insights you can share would be greatly appreciated!

Rental Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

As both a property management professional and an investor, I can attest that the qualities you’ve mentioned are spot on.

Again, that is total speculation from me....just following the possibility to its logical conclusion - but tax law isn't always logical.And, if I wasn't clear enough about this earlier - I am NOT a tax professional.

The mid-term rental market (insurance relocations, travel nurses, and other professionals) is oversaturated.