In turn one tenant that wanted to part from the group found an attorney to dig through the lease and find a loop hole which is frightening to me. 

I would guess that there are some loopholes here.

Hi all,You must listen to podcast #689, The #1 Real Estate Tax Loophole, with Matt Bontrager.

The big, pressing, motivator in my choosing to start with STR is my recent learning about the "STR Tax Loophole" and especially "bonus depreciation."

Im located in Colorado’s front range and a total rookie! I’m interested in doing an STR out of an RV on my primary residence. There are about a dozen or so other STRs just like this in about an hours radius of myself....

Hey David, For your lake house, implementing a 7-day minimum could work well, especially if you aim to take advantage of the short-term rental tax benefits, such as the "short-term rental loophole."

Now, with fewer loopholes, we might actually see some stabilization in the market.

Knowing the tips, tricks and loopholes in advance can help save you a lot of time and money.  

If I recall I think the Cleveland housing court found another loophole to allow them to halt evictions on non lead certified properties by not allowing the owner to register them.

This might affect your STR loophole tax strategy so understand that before making the move.Update your listing to highlight features appealing to mid-term renters (e.g., home office, Wi-Fi).