I have very defined criteria that must occur that elevates them to prospect status.

Cost Seg could be a great advantage for many people, but as he mentioned in the podcast, unless you or your spouse qualify as real estate professional status (REPS), you will be limited to use the depreciation from cost seg to offset your rental (passive) income.

You can, however, place it in an LLC and elect C-corp status.

@Nathan Kanya PM me some details if you dont want to share publicly (US tax status, foreign/US entities etc).

Outside of Real Estate Professional Status, is there a separate tax incentive for Short Term Rentals? 

Can you do lease to own for 2 years with ownership transferring once you have your permanent status and no longer have to pay the extra tax / duty?

Just keep looking.When someone claims non-profit status, they can still make incredible money.

It may change, but that is the current status,

I had a tenant that was on the fast road to non-payment (was often late with shaky employment status when COVID hit).What I did was have my PM go to the tenant and encourage them to leave allowing them to break the lease early with out penalty, and forgiving some generally modest amount of accumulated late fees.

As an LP in MF syndications, my hope is that the sponsors operate in submarkets and sub-sub-markets that have some barriers to entry for new supply, thereby protecting the status quo when it comes to supply-demand dynamics.