Whether you choose short-term or long-term rentals, learning and analyzing deals will help you make the best decision.

To achieve REPS status you need to be actively involved in your rentals.  

Did my rental analysis and it would work fine as a long term rental.

if its an investmenet property - there are not many ( if any)  lenders doing regular or DSCR  loans on rental MH homes 

If you were to buy, let's say a three bedroom or four bedroom home and rent out the other rooms to other single people.If you were to get a short term rental, you would probably want to have somebody else manage it and right now your average short term rental isn't doing really well.

Own and just keep it as a rental longterm/short term rental?

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

They can then proceed with a 1031 exchange for their rental properties.I understand their concern about the 180-day timeline.

STRs are grouped using a an election for “non-rental” businesses under Treas.

Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.