P&L, no.Reason being, the mortgage is debt service against the balance sheet since the mortgage would be a liability.

If you provide specific services (called "substantial services", think hotel) then it’s considered a business and reported on Sch C (this is rare for an STR). 

The two owners Jonathon and Ginis provide live training and no cost commitment.

Unless the home seller / buyer has extensive experience in real estate THE HOMEOWNER SHOULD NOT DO ANY REAL ESTATE TRANSACTION UNLESS HE UTILIZES THE SERVICES OF AN EXPERIENCED REAL ESTATE ATTORNEY. 

While a personal account is acceptable, setting up a separate account specifically for rental income can make bookkeeping and tax reporting easier.Regardless of the payment method, always provide tenants with receipts for their rent payments.Keep detailed records of all rental income and expenses for tax purposes.Consider implementing a consistent rent collection policy to avoid confusion and ensure timely payments.Be aware of local laws and regulations regarding rental properties and rent collection in your area.

Plus the logistics of trying to get multiple note holders to agree and be happy on servicing, collections, work-outs, and exit strategies sounds like herding cats!

This type of generic information should be easy for a lender to provide. 

Partnering with Brittney Sciandra provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

@Tyler, when individually appropriate, for investors who have a need for immediate cash, we've also refinanced the property modestly (20-30% LTV) to provide mom/dad with the cash to bridge the two-year gap. 

Here in Charleston, in order to apply for the legal residence tax assessment ratio, all owners have to provide copies of tax returns, utility bills, driver licenses, vehicle registration, voter registration, and the settlement statement/CD, along with an affidavit stating that all owners occupy the residence and do not claim legal residence anywhere else.