@Carlos Hernández if you're in Dallas and have $50k to invest, you can certainly find an affordable area nearby and likely qualify for a hard money loan. 

The cost might be between $500 to $1,500, but think of it as an investment in securing your tax well-being.Apologies, I said half for simplicity but I’ll really be using my 61% PRE, so 39% for depreciation and qualified expenses/upgrades/etc.

Why not take it over and lean into just being the landlord with traditional long term residents ?

My question being, if I asked to be a 1099 employee instead of a W2 employee, would i qualify as Reps for taxes since I self-manage and take care of all of our own rentals yearly?

The federal tax code establishes stringent criteria, including guest stays limited to seven days on average and the provision of basic hotel-like services, to qualify for this advantageous tax treatment.Understanding the mechanics of the short-term rental tax loophole is imperative.

Some rare cases can W2 employees qualify as a real estate professional.

@Michael Prim Welcome from one Western Springs Resident to another!

The only experience I have is buying my primary residence in which I used an agent to acquire.

If that is Weeks with Wigger and I can't remember the other one at that office then they are actually the same ones that did my closing on my primary residence in Summerville, SC.  

I'm  not sure if this qualifies as creative nonetheless... just a curious question can someone with an FHA loan also use PMI on TOP of the loan??