(My assumption is it may be tough to prove enough material participation if using someone local to manage.)Two things worth noting:1- I'll be discussing with my CPA in-depth soon, but would like to hear other's experiences on this.2 - The main reasons I'm looking to STR's is the tax benefits (Cost-Seg) & appreciation that comes with buying in these areas opposed to the mid-west where I look for long-term rentals..

I work for corporate America and looking for an exit strategy as I enter my mid 50s. 

Places that have little to no appreciation upside above the rate of inflation or a well executed purchase for a short term, mid term, or rent by the room strategy. 

@William Johnny - I'm local to Philadelphia suburbs and have been investing in SFH for a while and within the past two years investing in small-mid sized multifamily.

Hi Amanda,I recently converted a mid-term rental into a Sober Living.

I have a unit turning over start mid this month.  

Mid 6s to low 7s is available today for DSCR loans. 

If this happens again with the most recent report, it could indeed alter market expectations for the Fed's mid-term trajectory, potentially putting aggressive rate cuts back on the table.In the short term, though, the market reacts strongly to the initial data, and the Fed remains in a "higher for longer" stance regarding rates.

In our situation we have mid 7 figure unsecured line of credit we could stroke a check at anytime.. or move it to our 8 figure secured line.. our financing was already in place. 

We want to get into MF (2-3units to start) doing BRRR... and rent out for Mid term rentals.We see a house that meets our buy box, and our investment goals are;- $300 gross profit cash flow per month- 30% equity + with forced appreciation after rehab- Refi (if rates come lower!)