It seems like you’re positioning yourself perfectly for that with the 50% rule, 750-hour test, and material participation.When it comes to underwriting multifamily deals, just keep in mind that depreciation is not considered part of operating expenses, but mortgage interest is.

I have definitely been a little paralyzed trying to find the "perfect" deal over the last few months, so hearing that it talked about it a bit of a relief. 

For those looking to invest in a growing and economically stable market, Raleigh-Durham presents a perfect combination of affordability, appreciation potential, and a high demand for housing.

I agree with everyone that you handled this perfectly and went out of your way to be nice.

Our mid-term in the south loop of Chicago is a 1 bed 1 bath about 550 square feet with no amenities...it's honestly perfect for the situation.

It's been said before, but it's worth repeating: don’t waste your time and money searching for the 'perfect' market.

Perfect, thanks for your insights.  

Short term rental homes/units drive up the price of homes faster than primary residences and long term rentals.Shifting from long to short in some locations is perfectly reasonable, however I highly recommend you check out your local city's ordnances discussing the requirements for short term rentals.

When the tenant moved out and the unit became vacant they told me it was cleaned and in perfect shape to put on the market again.

No one with a long history or time in RE has created  perfection myself included.