They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

Adding the ex to the title could trigger gift tax implications, so keeping it simple is best.

Taxes 10k HOA is 9k The current owner never did short-term rentals.

Taxes have to be paid, so does insurance, what about maintenance? 

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes. 

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed. 

The only taxes I remit directly now are the tiny town tax they implemented of 1%.I just take my net income spreadsheet and calculate the 1% and give them a check.

Quote from @Zach Edelman: How would revenue break even in option #1?