@Joseph Warren welcome aboard.Be sure to post your deals under Classifieds or the Marketplace areas.Anywhere else and the Moderators will remove your posts and eventually ban you.

I'd recommend 3 story. check out the classifieds I have renderings of ours and floorplans

The home has a foundation and we plan on restoring the structure to have it classified as a single family residence, and then to lend against it.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

You are allowed to do this in the classifieds section.I understand your idea, but I don't think it would work the way you think it will.

I’m looking to have a mtr in the central Florida area, but I was wondering if it’s better to classify it as a long term rental to avoid all the str laws or will this get me into any trouble based on their rulings as to what differentiates a str vs ltr ?

Flip income ("Real Estate Dealer") is classified as ordinary income and as a result not eligible for the Section 121 Exclusion.

I also used Craigslist, ForSaleByOwner.com, Zillow, and a very popular local classified website called SouthEastTexas.com (my buyer found me on setx.com) I was disappointed with Zillow.

I am curious if classifying my spouse as a real estate professional can offset ordinary income when filing jointly.  

I guess my classified post here will have to do:https://www.biggerpockets.com/forums/517/topics/1194691-equi...