There are a few rules that come into play for short term rentals, including a time test, and a substantial services test. 

Variances can be a valuable tool to create value but I wouldn't place this opportunity in that category as not enough value is created to make the process a worthwhile pursuit. 

How much are rents going up in your area (over the long term, not the last year or two as covid created anomalies). 

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

It currently rents out at about a $100 cash flow including expenses. 

Even a single-member LLC can be claimed here as well.I have included an image of the page below and you can see the basic layout: Income and Expenses mostly.

Look for wear and tear or improper installation or (possibility) the Guest "created" an accident.  

Third, as suggested, there may now be restrictions on double closes in some states.The most innovative way to wholesale is with disposable LLC's, where you create LLC's for the purposes of making offers under.

The only payment you should accept is 100% in full, including late fees and court costs, and it has to be in certified funds (cash, money order, cashier's check).

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.