Even if you paid all cash, with closing costs and rehab, that’s only maybe a 4% annual return, so I would classify it as a pure flip.

From an IRS standpoint, it is important to realize that his activity and intent is not classified as an investment.

The other big obstacle that we have to work around is in Taney County, STR qualifying properties are going to be classified as non-warrantable condos, so you cannot use just any lender.

Definitely classify it as a 'Service Snake'.

I've mostly been looking at 2-4 bedroom SFH that I would probably classify as B neighborhoods and properties, not typically the newer and nicest places since the numbers don't tend to make sense but not the poor condition properties that need a lot of work.

There is a guy who posts the sam ad here in classifieds that says earn 15-50% in passive investments.

Often classified as "Reluctant Landlords" for never planning on having a rental home, but being thrust into the realm of owning one by an unexpected relocation.  

These reserves are preventing a repeat of a 2008 style banking system meltdown.The 2008 banking collapse originated in the secondary market, through the use of derivatives with worthless mortgages as the ultimate collateral.Right now banks are re-classifying billions of credits to account for the increasing risk of non-payment.

@Jovann ThompsonI would classify myself as the master of long distance investing since 2009.

Then once you've moved into your new primary residence, you classify your old house as an investment property for tax purposes.