Be careful of scam websites. 3.

I'd get more specific with the 1-year goal as well. 

I wonder if this is area specific?

David Schneider, You may want to visit www.sos.ok.gov - Oklahoma secretary of state website for a complete explanation.

Additionally, if you have specific plans for how you're going to leverage equity in this property to make more purchases that could be something to think about. 

@Mike Morehead STR's are still profitable in Cape Coral, but there's a very specific criteria set that you will be needing to target to ensure you're able to compete in an already competitive market.

Ask him to book directly through the booking website if they're interested in booking, or if you think there's a demand for this, you could post your listing on a medium term rental website like FurnishedFinder. 

Usually you are limited to 80% LTV on a property like this but do speak with a loan officer right away to know the specifics on your scenario.

Typically, it's applicable to certain types of property, and the rules can change.Regarding short-term rentals and bonus depreciation, the Tax Cuts and Jobs Act (TCJA) introduced favorable changes for businesses, including bonus depreciation for certain qualified property, but the specifics can depend on your situation.Using your property for short-term rentals may affect your ability to qualify for certain tax benefits, and the classification of your property (personal residence, rental property, business property, etc.) can impact the tax treatment.The IRS has guidelines regarding the depreciation of rental property, and bonus depreciation may not always be applicable to residential rental property.Additionally, if you decide to switch the use of your property (from short-term rental to long-term or mid-term rental), there could be implications for tax treatment.Given the complexity of tax laws and the potential impact on your specific situation, it is strongly recommended that you seek advice from a qualified tax professional.

Consult with a tax professional to understand how these factors may impact your financial situation.Always remember that real estate transactions involve legal and financial considerations, so seeking advice from professionals in real estate, finance, and tax is crucial to make informed decisions tailored to your specific situation.