@Michael MitchellCreate a multi member LLC and have the breakdown illustrated in the operating agreement and define who does what and how people are paid.

So, you can perhaps define price ranges and use that to profile the different areas of a market.

that she paid rent otherwise the lender will define her as "homeless."

Now, if out-of-scope items arise, like the electric, it's processed via a change order which again, has an exact defined $ amount, time etc.. 

@Parth Patel It varies depending on your state/jurisdiction, but for the most part, STR's are defined as stays of less than 30 days.

That said, I do like the structure of having a defined business with an EIN and a bank account that is really run like a business and files tax info for all the properties in one place consistently from year to year, and it seems like a general partnership might be the way to combine these options.I don’t mind filing a 1065 and might even prefer it over putting all the details on our 1040, so I’m not trying to avoid that particular complication.

@Sam ZawatskyYou should buy the houses based on your clearly defined investment strategies.Homebuyers are faced with tough choices in today’s market.

However each defines those differently and treats then differently.ADA = Public Accommodations (restaurants, airportsz hotels)FHA = Residential Real Estate

Define the criteria.

But should all real estate investors have such defined strategies?