Some lenders will also have seasoning requirements for the loan itself, which may be different than what's required for ownership.

I agree with Colin ^ as each department is different. 

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

It's no different than their 2-year, low interest rate teaser houses.

Big differences as its like a wholesaler of loans sometimes.

However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.

Think of it as different tools in your wealth-building toolbox.🎓 The Knowledge EdgeWhat makes both investments successful?

Different lenders can view income in various ways depending on who you speak with.

I’ve owned different residential homes in California, both sold off market and for over asking.

It basically said, unless you are living in Wyoming do not use a Wyoming LLC set up.It seems the more research I do the more different answers I see.Going a little crazy over here,Rhonda