STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.

Not to mention, they weren’t aware of my entity information and other organizational details I’d previously sent (ie state formation, scope of work, etc.); easy stuff.

I am not privy to the details of that from their perspective, but I would hesitate to assume the policies are the same; I don't believe they are.

As I stated above I have use HELOC funds as a bridge strategy but that is really it.If you have more questions hit me up and I would be happy to discuss these options in more detail. 

Quote from @Chris Clarkson: Initially I’m wanting to start in the local Chattanooga/North Georgia areaWould you be interested in something like this: https://www.realtor.com/realestateandhomes-detail/3621-Missi...?

From what I’ve heard in a piece by Forbes, focusing on unique features can lead to higher long-term rental satisfaction... especially if your tenants want a few animals or more outdoor space.

I believe the competitors are more expensive with unnecessary features.

Best of luck,Jarret Thank you Jarret for the detailed analysis above. 

I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

Need more details.