I think I almost had a similar story...My locality took some cookie cutter landlord tenant regulations (from Seattle, I think) and was entertaining passing them in some sort of housing plan. 

@Stephen KunenProviding substantial services to your hosts provide suggestions that you should report it as schedule C as opposed to schedule E.Substantial services include but not limited toConcierge, meals, housekeeping, cleaning, entertainment etc.A pro of reporting it on schedule C is that losses are deductible and not subject to passive activity rulesA con is that income will also be subject to self-employment taxes in addition to income taxes.

I did entertain owner financing so the joint owners can avoid a large capital gain but since I plan on selling the property immediately that doesn’t seem too viable to me.

So no additional offers can be entertained until the outcome of my process?

Also, I have approval for financing, but if you would be interested in working an owner financing deal I would entertain the idea, as it would be beneficial to me while I have other deals in the process.I would need to speak to my lawyer as I have not done a contract deal, but I would be interested in doing something like 5k down, and a balloon payment of 99k due in June.

@Jay Hinrichs - Always entertaining and enlightening.   

If it wasn't in a hallway I would entertain leaving them off (I did this in a house where any new washer/dryer wouldn't fit with doors installed), however it would be a bit ugly with no doors in a hallway area. 

Is it as simple as proximity to transportation, entertainment, and freeways?

I'm trying my hardest to remain professional, but I'm not entertaining this any further.

Thanks for affirming my plan.Ryan Groene I might entertain this idea, but I’ll definitely have to find a partner.