If the RV is not permanently affixed and retains mobility, it is considered personal property and depreciated over 5 years under the Modified Accelerated Cost Recovery System (MACRS).

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

Know your #'s, cut the fat, focus on quality. 

Step up in basis to reduce your heirs' taxes and morePlus the real estate tax "deferral" can end up being permanent if played correctly

I asked if the equity shared will be converted back to notes, or if that part of it was permanent (which begs the question how do we get our money back?).

Remind your spouse that the "Vision" is not written in permanent ink.

@Robert EllisAre you leveraging construction-to-permanent loans or private funding?

We do tend to know what appropriate rents are for the different times of year, although you can't hold to those permanently. 

Was it for a place to live for work before they found a permanent location or was it used for someone wanting to stay in the area as a 2nd home for the winter months?

May be make OZs permanent, let passive losses offset active income, etc.