Let me know if you have specific questions and good luck in your search. 

The only other question I would suggest is that you do engage a property management company to review your quad and review your monthly financials.

Quote from @Trevor Finn: Hey @Doug Kirk,Great question!

I was thinking Form 8832 is the one, but I am confused when I get to question #3 since this entity is technically owned by more than one individual.

Quote from @Jeff Roth: Hi Lina from Texas-Congratulations on your interest in investing in mid-term rentals and you are wondering how and where to get started.I get this question frequently from investors.Sometimes and investor is looking to keep their property cashflow positive as insurance and taxes have squeezed cashflow by turning units into mid-term or short-term rentals.First off, ideally, the property will cashflow as a long-term rental should something disrupt the mid-term rental model.You will also want to have the property be near where there would be a demand for mid-term rentals (hospitals, universities, research centers).Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.There are property managers that will manage mid-term rentals for you and I always advise my clients to use property managers to keep their investment as passive as possible and for compliance issues related to Fair Housing Laws and local regulations.To Your Success! 

Cost Segregation 101 Author: Sean GrahamHappy to answer questions :)

If you have any questions or want to learn more about how we help clients all over the world that are looking to be passive investors then we should set up a call to discuss.Good luck as you start this exciting journey!

Let me know if you'd like to connect and I can answer any questions you have!

I have some YouTube videos that may help with some of your questions and always happy to have a call to dive a little deeper. 1. which development(s) tends to be the best for ROI/have the best occupancy rates? 

@Kaleb Johnsonstay local. go to meetups. build a network. talk to people. ask questions. visit properties.