You will hear about west side vs east side, while what is told is true, what is not mentioned is lower class areas are block by block. 

-Also, we absolutely pitched in to help with legal fees, $50k like you mentioned.

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

Hi Jaycee, We don't meet any of the three criteria you had mentioned.

As Michael mentioned you just need to respond to the IRS and state this is what you're doing.

Im waiting to hear back to go look at the last unit.

I have often mentioned to my wife that it would be a great place to move to - for the exact same reasons that you mentioned!

If anything, at least wait a year so you don't pay short-term capital gains on the sale of the property.I need to find some more deals like that here in Chicago...where in Houston was this property?

I’ve heard a lot about the power of time in investing, and I’m definitely excited to get going now rather than waiting.

I keep finding conflicting information and the IRS website doesn't specifically mention using an RV as a STR.