In my case, students are actively looking for housing up to a year in advance with Sept-Nov being the busiest time.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

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Thanks in advance.

Thank you in advance for your feed back.

I am figuring another 4k-8k for appliances etc..Thanks in advance, 

Thanks in advance! 

Good luck finding your first commercial loan that does not report on your social security number (ie: your name). 

Thank you in advance

But that can be a real problem unless you get a Title Report before you buy.As bad as not knowing how clear the title is, you also don't know the condition of the property or now as a growing problem, whether there are squatters occupying it.