You're welcome to provide a link that reinforces your statement.(2) I'm much less concerned about what position the IRS takes than what position my clients can support under authoritative guidance. 

We run into a lot of issues with STR's being non-warrantable condos, but we work with several local lenders that can get passed that.

@John Mason Assuming you are in a decent part of town, you should have no issue with demand for a medium term rental.

And read this post for a perspective on the issue: https://www.biggerpockets.com/forums/51/topics/1136752-expla...

a flip requires CASH for closing costs and points, a down payment, holding costs, costs to cover any overage you weren't able to borrow...so, the issue with flipping is that (1) it takes capital, and (2) the return is 6-12 months out.

A lot of the housing stock in that area is quite old, and you already reviewed the data about the sub-market's issues.

@Shravan Parikh hit me up I can link you up w my subs.

We have worked with probably a dozen different contractors/roofers to resolve exterior water penetration issues and they have all been hit or miss.

While my tenants have been great, dealing with all the issues and repairs that have come up have been a real headache.

A lot of helpful information and helpful links, as well as ebooks to download, etc.