The sponsors love it right now, because it is allowing them to delay, and therefore giving them a glimmer of hope that something unoforeseen (rising rents, lower interest rates) will rescue their deal. 

If the STR strategy is the only strategy that makes the property pencil, be sure to purchase in a market where the use is allowed, the use requirements are protected by in place permitting and licensing and the permissions are transferable through a sale.

He allowed me to follow the progress. 

Fannie explicitly allows transfers to LLCs when the loan originated after June 2016 and when the LLC is controlled by the original borrower (source: Fannie Mae Servicing Guide - D1-4.1-02, Allowable Exemptions Due to the Type of Transfer).

I start the eviction process on the 10th.You've allowed them to go three months without paying, so they are going to play this out as long as you allow them to.

This strategy allows you to potentially make a quick profit without the commitment of having to live in the property for a certain period of time.Alternatively, you could also look into investing in rental properties in different cities where you have connections or where you see potential for growth.

This approach allows you to build equity, reduce risk, and pursue growth simultaneously.

However, there are Non-QM loans that are either full doc or bank statement loans that will allow up to 80% cash out. 

If I am the only one materially participating in STR, can we deduct STR depreciation from my spouse's income if we file taxes jointly?

I am just not allowed to "say it", is that it?