Also the fixture was there when we purchased the house.

Hey @Katie Casper, check each municipality for the regs.There have been a lot of restrictions put in place depending on the area.There have been some lawsuits flying around in Conway so do your diligence.Bartlett is hard to read, but there are a ton of folks working to ban STRs in the area.

I raise this because there’s no true regulations and it’s truly the Wild West of lending with tons of questionable participants. 

I checked with State farm ,since I have everything under them as of now,they gave me a quote of 1200/yr but with 1% of house value i.e 6000$ as deductible .There is no in-between,it starts from 1%, then 2%..3%.Considering it's a new build , hoping I won't need insurance anytime soon ( fingers crossed) .

Hey there!

There was no laundry room.

There are some that are more mindset and some that are nuts & bolts.

Is there anyone in the area who might be interested in managing it?

It's a real problem and can only imagine the number of investors out there who are operating their businesses recklessly under the false beliefs of protections of an LLC created and stored away in file cabinet. 

Typically it is binary, you either meet the 24 month requirement or you don't...there are a couple of exceptions for moving in less than 24 months which you can review here:https://www.irs.gov/publications/p523#en_US_2023_publink1000...Look at the "Partial exclusion" section