Do STR and LTR the question is the order based on your life circumstances at the time.

Ultimately, I sold the property for about break-even because of personal circumstances that changed in my life.

Yes, there have been some delays due to extraordinary circumstances but overall, the wire comes in on the 1st- 5th every month.

However, the new Community Development Grant (CDG) program simplifies access to critical funds, offering three distinct grant categories:-Small Grants (up to $250,000)-Medium Grants ($300,001 to $5 million)-Large Grants (over $5 million)These grants can support a wide range of projects, including office, retail, cultural, industrial, and mixed-use developments of more than 10+ housing units with ground-floor retail.

All your points are valid in any circumstance so I appreciate the information.

Hey Ryan,First off, I do recommend sitting down with a tax professional so that they can understand your specific set of facts and circumstances. 

I agree with Colin, everyone's circumstances are a little different and while I would take feedback from non-CPA I would only trust a CPA with questions that are that delicate.

The distinction is that 4 units or less is referred to as residential/small multifamily, and 5+ units is referred to as commercial multifamily.Here are the CO state guidelines for "Motels, Hotels, And Multi-Family Dwellings": https://www.sos.state.co.us/CCR/GenerateRulePdf.do?

As Greg said, as soon as they owe you money, file notice to quit and any rent that comes in after that is put towards the monies owed first.Under no circumstances would I extend or renew their lease. 

@Stuart UdisYour post highlights an important distinction between two different lending experiences.