For the analysis of an arbitrage option, as well as other short-term rental opportunities, it entails a deeper review that not only involves understanding various market factors, but also the investor's estrategy and situation.

Appreciate some feedback.I had a tenant, ironically also in Gaithersburg (hope it’s not the same person because she was a pain in the *** lol) but she wanted a new carpet we paid half, she paid her half via us uppping the rent $50 over what it otherwise would have been, so that’s always a creative option, however I wouldn’t want gas at my property if I could avoid it, always a risk of a leak or worse so I’d probably lean towards saying no to this specific request. 

As for the options, there are a few exit strategies, flip and sell, flip and sell turnkey, BRRRRIf I do end up joining, I will reply back with my experience!

I'm evaluating both options over a 10 year time period. 

On the bright side, HELOCs offer a lower down payment option and flexibility to access funds when needed.

If you had no other option to schedule, due for example to these people's availability - then I'd say yes.

I am trying to weigh all of my options, any advice or suggestions would be greatly appreciated for beginning my real estate investment path!

Thank you, the guidance is confusing in that it states you can still treat real estate as a trade or business if it does not meet the 4 bullet points for safe harbor.In my HR Block tax software there are two QBI options for rentals:  1) Treat rental under safe harbor rules or 2) This rental is eligible for QBI without safe harbor. 

Keep your options open, adjusting plans based on appraisal outcomes, and remain agile in your approach.

A great option for a channel manager - I would highly recommend the software.