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

Easiest answer, which is mentioned above and exactly what we would do, is just put a small sentence in your description and house rules.

And as mentioned above, if the lender you are speaking with doesn't know what that is...then you need to go to a different lender.  

They both have extensive experience in Duluth.Thanks for the mention @Tim Swierczek.

Quote from @Brian Malavsky: Totally agree with everyone else and I didn’t see anyone mention an “Umbrella Policy” I just got quoted this week for $1,000,000 coverage for only $350/yr.

This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.

Jay,You mentioned total loss on syndication deals. 

I didn't even mention SEO in my reply.

Hopefully your lawyer also mentioned insurance- title and hazard.A quitclaim deed transfer can hurt your title chain and title insurance. 

Also, newer wholesalers only see about half of their contracts get dispo'd and closed (sometimes less) because of the reason just mentioned or a lack of Buyers to dispo to.