I called a real estate attorney today based on a Google search, and I got an earful about how Subject To was not possible, the bank would call the loan due, I need to have 'very deep pockets', etc etc etc.I know it's possible and there are people doing these types of deals.

Are you a Real Estate Agent?

Ever wondered why flipping houses has become a buzzword in real estate?

If, however, that means you own more real estate in locations that you like, you get the magic of leverage + appreciation that results in a better long term return. 

Full time flight nurse and pay/schedule is allowing me to dabble in the world of real estate.  

Owning real estate is basically the same as being in the service industry and sometimes the end of a lease isn’t going to coincide with the best dates for a landlord to rent.

The realtors association and a real estate attorney confirmed that a property manager has agency with the landlord and is working for the landlord. 

There is an "STR loophole" and "Real Estate Professional status" - two unrelated tax concepts.

As you get further away from standard real estate practice, the risk is increased by a “legal” risk that your protection may be interpreted quite differently than you expect by a court and that the subtleties of the protection a mortgage or trust deed document provide with established law and court decisions handed down for (in the U.S.) 250+ years is not existent. 

That property is literally screwed.The real answer to your questions is it depends on what is common and accepted in that area.