Mgt, Landscape/Snow, tax, insurance, utility then debt service. 

I work extensively funding deals for flippers in KC  Toledo  Cleveland Baltimore city and a few other markets in mid west..

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

Since part of your home is a rental, you can deduct a portion of expenses like mortgage interest, property taxes, and utilities.

Utilities cost $150 per month.

I would like to purchase my first property sometime next year, utilizing this year to learn and network as much as I can.

Most successful STR owners I work with in the Pocono's/Lake Wallenpaupack PA utilize only someone to clean, and a few local handymen.

I’ve been utilizing the BRRR method and have been successful thus far.

For example, I have a subject property that has 1682 SF on the main floor and 810 SF of finished basement (the majority of which is about 8 feet in height with the exception of some bulkheads to hide the mechanicals) and 271 of semi-finished basement that is a utility room basically (washer/dryer, freezer, hot water heater, furnace, some storage).

I am interested in utilizing space again for group meetings, workshops, and for clients who may still desire private space.