I'm aware that short-term rentals aren't covered by traditional home insurance, per se, but is such the case with stays over 30 days?

My main point here is to stay active in the space and document the journey.

She wants to give me her house and move into a senior citizen home@Dana N Johns: Just a couple of thoughtsTalk to a real estate knowledgeable, CPA, not to your standard CPA and not to unknown investors on some forum in the ether for a matter like this.Now, if your mother has lived in the property for two of the last five years, she is entitled to a tax break on capital gains if she sells or if the title changes hands (basically sells using creative finance).However, if you inherit the property, there is a tax advantage to you in terms of stepped up basis and capital gains and a tax advantage to her from incurring capital gains if she is outside of the “two of the last five years” window.As far as the Medicaid situation, that is best explained by a CPA or tax attorney or Enrolled agent.

I also stay in Airbnb’s all the time and I promise there’s no partying.

Not sure if all that makes sense but I really am dedicated to learning and getting as much knowledge as I can!

My Strategy:- Buy with primary goal of renting in the future- Live-in flip for the first 1-2 years to build equity and increase potential rental price Exit Options:- Refinance and rent the property, using equity and savings to buy again, move in, and repeat- Pull equity that built due to small renovations done over 1-2 years and purchase another property w/ intent to rent, staying in this first one- Sell/1031 (thanks to forced appreciation from reno)Will this work regardless of the asset being a townhome or SFH, or am I missing something? 

You've been great and I appreciate that you took the time to pass on your knowledge!

Tell him to teach his daughter to stay away from them.

Always looking to connect with like-minded individuals and pull our resources together whether it be knowledge, experience, contacts, etc.

I am a firm believer that STRs are here to stay.