This will help reveal which strategies make the most sense to pursue.

No consideration of tax implications, the investors experience or aptitude for operating this strategy. 

Other beneficial tax strategies would be a cost segregation study and bonus depreciation which would allow you to accelerate your depreciation and not have it set at 27.5 years. 

Repeat the processThey call it the "BRRRR" strategy around here.

If you think about it the tenant is the real cash flowing asset. this has been the West coast strategy for decades and it works.. 

Also Bigger Pockets has many great books about investing I recommend The Real Estate Rookie, and The House Hacking Strategy.

I could not imagine doing this for 40 seperate units.It seems this would be a bookkeeping nightmare for me.Is anyone using this type of asset protection strategy for 5+ properties?

If you're just looking for general guidance around a successful STR journey, I have some friends with deep insights into everything from REI tax strategy to marketing and creative financing.

Thoughts on Flex Space Development as a niche strategy in the Texas Markets. 

Congratulations on your success with long-term rental condos—buy and hold is a solid strategy.