And that comes down to how reliable they are at paying rent on time.

It’s unlikely to provide the immediate tax write-off you're envisioning.I’d recommend consulting a CPA to clarify your situation, especially if you’re splitting usage between personal and rental.

They directed me to consult with a CPA or tax planner.

Just make sure they’re reliable and familiar with STR operations.

I am a local RE consultant and investor in Indy. 

For example, a tenant can file for bankruptcy (legitimate or not) to prolong or delay the legal process.Lastly, you may want to consult with an eviction lawyer/attorney.

It's been a struggle for myself to find a reliable one. 

I don't have experience with the Detroit Land Bank, but generally land banks are pretty reliable, but...they are low money buys (from $1 to $1,000) that require you to show proof of funds for the rehab.

@Robert FrazierUnfortunately, you will find those consultants at every level and aspect of development.

they probably have a bunch of 3% nonconforming loans on their balance sheet so 5.5% is not bad, totally reliable payments, plus in a legal battle they'd likely find the power of attorney didn't extend to the ridiculous term and that there was no breach of any enforceable agreement.