We just wanted to sell our house to pay for my leukemeia treatments but are instead having to use that money to cover the $12,970 in damages that incurred as a direct result of the fraud and willful deceit of Robert Mario Garcia, CEO of BridgehouseAmerica / BridgehouseInvestors.I tried very hard to make this review as factual as possible.If you have been victimized, please contact me.

Here's some information I've compiled which I'm hoping will be helpful:Section 1231 of the Internal Revenue Code addresses the treatment of gains and losses from the sale or exchange of property used in a trade or business.

If you plan to move in and owner occupy you’d rather move it in to your name so you can claim 100% sec-121 tax free treatment which you can not do if the LLC owns it and it was a rental first.

Are you planning to manage and fill beds yourself or are you thinking of subleasing to treatment center?

The issue is many preparers have defaulted to Bed and Breakfast treatment which is usually incorrect for a normal STR.

For it to be legal they need to have an ongoing relationship with a certified mental health professional, who has the correct certifications to write an ESA prescription, that you can call and verify the presence of a disability requiring a service animal as part of the ongoing treatment.

I mostly work in the retail medical space for Urgent Cares around the country but there can sometimes be some med office overlap there, and we are shopping more of it for an addiction treatment project we are working on in a couple states so I see more and more of it come across my desk.  

This is different than acquiring an investment property with the intention of holding for appreciation and rental income, which does get capital gains treatment, subject to 0%-23.8% federal rates depending on income and circumstances.

https://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals

They will then come out for any other issues like a hornets nest or an infestation that needs treatment at no additional cost.