Hey Minnina, happy you're making the decision to go the rental route!

Additionally, Irrevocable Trusts usually require that a 3rd party be the Trustee, which means that you will not have a primary role in decision-making as it relates to the Irrevocable Trust.

Quote from @Sharon McCants: Consider all the factors before making a decision.

There are so many posts every day about being stuck mid-renovation, out of money, or at a standstill because of decisions made that could have been avoided.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck. 

feature=sharedYes, it's unfortunate you are in this situation, but blaming others for your naive decisions won't change anything.PROPERTY ADVICE: you didn't mention if the tenant is now paying on-time, sporadically or if you're evicting them.Because you still want to sell, let's assume they are not paying on-time.1) Can't sell to an owner-occupant while tenant-occupied.- Owner-occupants will pay the highest price for a property.

I was also told it was a business decision not a regulatory restriction.

My only requirement is that they notify me of their decision to carry.

You should really analyze your options, as data should make your decision easier:)How much have you been making on the STR?

This is another example of why it’s so important to have a good team of experts around you to offer options and discuss the consequences before making any decisions.