It’s worth confirming to avoid penalties.This post does not create a CPA-Client relationship.

Can you confirm whether you're still within your due diligence period?

Confirm with the applicant that SEC 8 is already counting the income.  

@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.

(I saw forged because I did not sign up for service again I had not used the app or website for months , they also copied an IP address that is not mine to their documents)***oh it gets better they also tell AMEX that I cancelled on the 13th of the month despite the fact I have an email confirming my request to cancel on the 5th the same day I was charged.I will now have to reach out to my attorney general , CFPB and FCID because I will have a 1490 debt for a Software app that I have not used and will not use and all DealMachine had to do was say ok we see you no longer want our services and have not used it we will reverse todays charge. 

I would confirm all that, and you can me a private message I have some attorney's in our area I can recommend for getting advice and to hire.

No one will be able to confirm the treatment or what's best or accurate. 

I know that if a cost seg, l would need to back that out of my California return.Your answer seems to confirm what I suspected.

I'm actually hearing that it will be allowed for residential multi family as well, although haven't confirmed that.

Due to the popularity and scarcity of these properties in Nashville, it would be difficult to find a property meeting the STR requirements given a proposed purchase price of ~$300-350k.Additionally, your situation is a bit unique as it sounds like you may be living away from your primary residence more often than not, and as such, I also recommend you confirm with a lender whether this situation would qualify for this type of (primary residence) loan.