I think what the OP was asking is what the seasoning period a bank looks for before you can begin the refinance process you outlined.

Therefore, OP generally doesn't avoid and has exposure to SE taxes.Sec 1402 is distinct and separate from Sec 469. 

OP  had a very long discussion on another thread regarding taxation nuance and this is a made up story that dissects all aspects of aforementioned conversation into separate pieces in an attempt to dial in on some uncertainties.

I'm more interested on condos, co-ops, and townhomes.

STR's have really high Op Ex ratios so unless you are putting a lot of cash down it's going to be tough to get positive cashflow unless you are getting a good value add purchase opportunity.  

In this case the OP did say that the system was owned by Vivint through a PPA.

The OP indicated that she was told minor repairs and ended up with a $75K rehab and termite infestation -- not sure how a wholesaler remedies that kind of issue?

@Chris Holmes- it is a 'professional PM' that told this to the OP.  

I was mainly pointing out that I believe the Series LLC structure, which functions much like the Delaware Statutory Trust, would be a great structure for the OP based on it's cost effectiveness and utility.

.  :-)To answer the OP's question...