Most likely your conclusion is correct, but the only way to confirm it is by having a real estate accountant review your tax situation.Also, please read this introduction if you want to better understand the concept:https://www.biggerpockets.com/forums/51/topics/1075919-five-...

Yes Mike, you are correct, it's all about taking action.

The VA loan with the BRRRR strategy sounds like a solid path, especially for building equity without leaving your area.

I think this will correct itself over the next 3 - 5 years but it will make cashflow tight or negative until then.I have a great contact of a Realtor that works primarily with investors who has represented a few of my borrowers that I can share with you.

If you think like those gurus or think like those gurus, then you can kick rocks pretty much.Also put aside some money for appraisals, because if you don't do anything correct with a multitude of professionals, you can get sued.Plus these gurus who promise to jv on deals will screw you over.These gurus are pathological liars that need someone to publicly expose them face to face! 

Sadly Martin is correct.

I ended up having to pay for their tax preparer’s time to (finally) meet with me and make corrections.

To determine the correct treatment, consider the RV's permanence, utility connections, and business use.This post does not create a CPA-Client relationship.

You are correct, local banks would go in and sit with them and go through rates and financing and understanding the payment.

I own a property management company and am looking to get into the investment game too and to meet people on a similar path.