Once you transition one of the homes into a full time rental you will reap that benefit by filing a schedule E at the end of the year.There are a few loopholes to consider like calling one home a "Vacation/Second home" which allows you to pull out 80% LTV with a better rate. 

Originally posted by @Ram Batchu:Hi Everyone, One more Canadian Investor interested in investing in USA :-) I have gone through some profiles of Canadians and I see that they are living in US.

However, the goal would be to increase the amount of units rented to close to 100%, maximizing income, then potentially outsource management duties - either by hiring a capable manager/maintenance person, or by getting a property management company involved. 

The highest performing short-term rentals have a design eye, their photographs weren't shot by an amateur's iPhone, and they offer more than one extra that others aren't (hot tub, sauna, views...).Create a differntiated Airbnb, and you'll outperform others ... be that first page or second or third.

We are also going to be co-owing with 2 other families.You can save on some costs by purchasing initially in the name of the LLC.  

Initial purchase was in August and contractor committed to get the house renovated in time for us to get it into the mls by Labor Day.

Has anyone else come across this issue and if so, how did you remedy it?

By the way what market are you in all 3 of your properties seem pretty low in price allowing you to have positive cash flow. 

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come. 

That is the same advice I was given by both of the realtors I work with (in two different areas).