The 1% rule is simply a rule of thumb type filter.

Im back on bigger pockets after a long hiatus; trying to start up a STR from a owner occupied 2 family home with intent to advertise on furnished finder. 

Simply making more calls doesn't guarantee money. 

The best deal in the world can get screwed up by poor management.

@Dennis Bragg I keep getting hung up on the depreciation end as if its allowed or not.

If I can get 2 different renters in before Jan 1 2025-is still possible by obviously getting a cost seg.Also, would all of the house hunting, going out to see properties, research (calling city for license/map searching) and buying the furnishings count toward the 1 of 7 qualifications IRS demands in addition to the 2 Airbnb bookings-preparing home, cleaning, set up etc?

It's tough, the rents have gone up so quickly over the last few years that rentometer has had a tough time keeping up. 

Besides we're hospitality people, not selling property or leasing it long term, and somewhere along the line a few states got their definitions very very mixed up!     

If you do not want your name to show up anywhere on the closing documents, you would need to get a power of attorney to allow someone else to sign on your behalf. 

They were unable to do so and have ostensibly walked away from the project leaving their partners to clean up the mess.