I would like to raise my income on the non-real estate business, but want to have the REP tax status first to cut down on fed income tax. 

According to the Pennsylvania Landlord Tenant Act of 1951, Section 250.201:Real property, including any personal property thereon, may be leased for a term of not more than three years by a landlord or his agent to a tenant or his agent, by oral or written contract or agreement.Source: https://casetext.com/statute/pennsylvania-statutes/statutes-unconsolidated/title-68-ps-real-and-personal-property/chapter-8-landlord-and-tenant/landlord-and-tenant-act-of-1951/article-ii-creation-of-leases-statute-of-frauds-mortgaging-of-leaseholds/section-250201-leases-for-not-more-than-three-yearsI’d consult with a local landlord-tenant attorney in your state and confirm, but it seems pretty clear cut. 

We can create equity in multifamily real estate by investing in our assets to grow rent, improve vacancies and by cutting expenses Avoid high end real estate – high end real estate always gets hit first in any downturn as people migrate from more expensive to less expensive homes.

They come to 3k/mo with almost 1k that could, in an emergency, be cut.

In my opinion, even though the sellers were saving money, they weren’t being given the service and representation that I think provided the level of agency that honors the duties required by a brokerage- basically, cut rate, or not, they weren’t being represented well.

Might as well cut it loose and get a better cash flowing rental.

He cut down a tree but did not properly dispose of the trigs (the wood was stacked but the trigs was in a pile). 

Say you have the units all rented out and are getting $3,900*12= $46,800/$280,000 = Gross Cap 16.7% cut it in half with 50% rule (includes vacany, capex (repairs), insurance, property tax, etc. etc.) makes your net return 8.35% based on simple 50% rule.

I know some of you all live on the edge with that but I am looking for affordable second home coverage that doesn’t exclude STR.

Things like dormers and cut up areas really add a lot of time, while big wide open roof areas can go pretty fast with metal.