The property has to be considered 'in service' for you to list it on your tax return.In service entails a couple of items such as1) The property is in livable condition - Working bathroom, kitchen and an area to live.2) The property was advertised for rent.Best of luck

I actually live Pinellas County.  

After living through the GFC and the shrinking market for local banks, they saw an opening in the market for what they call "consultative banking" like they had years before and decided to start a bank.

Quote from @Sarah Kensinger: Boston is not STR friendly unless you live in the property.

Buy and Hold investing is a great avenue to begin with as most people live their lives off of residual income. 

I own a 4plex where I live in one and rent the other 3. 

I currently live on the north side so I am trying to see what areas would make for good buy and hold investments.

Quote from @Braeden Warg: Thank you for the clarification and information.I live in Cabarrus County and have experience in residential and commercial construction.

Many DSCR programs require an investor to have a mortgage history- there are some DSCR mortgage programs that will work with investors who are renting- some refer to them as first time home buyers (FTHBs)- DSCR loans are only for investment properties where the owner isn't living there. 

Recently I’ve been living next to an illegal and poorly run STR operation and I can now better empathize with folks who strongly oppose them.