Then there’s the difference in tenant attitude - I’ve had LTR tenants who treated the property as well as if they owned it - they planned on being there very long term.  

No one to refer, but when considering a blanket loan make sure to understand the how the loan would treat removing collateral from the pool.

Origination fees and other similar fees are typically treated as active income and are subject to SE tax.

I would make a site visit to where they live now and see how they treat the current property.

An IDGT is a type of irrevocable trust that treats the grantor as the trust owner for income tax purposes (they pay the income taxes for the trust during their lifetime), but the assets contributed to the trust (a completed gift for tax purposes) are not included in the gross estate of the grantor at their death.

If that is the case, this will be treated as a disregarded entity so no real tax separation or tax benefits I am aware of.

Emotional support pets are pets- people print up paperwork from the internet so their landlord will allow them to have a pet- they expect their untrained pet to be treated as a service animal, which is a slap in the face to those hard working, trained animals and to the people who train them.

If there is debt on the property you run into the debt-financed property issue which can cause the rent to be treated as UBIT and be subject to the trust tax rate which increases to 37% extremely fast.

How they look is how they will treat the place rented to them.The requirement that they MUST pay an Application Fee and a Security Deposit, seems to filter out many of the potential problems.

The trick is to tell your tax software to treat losses on your STR as nonpassive.