I began my career with rental properties in CT, and the eviction process can be brutal. 

Phil Wells, Peak Home Inspections, John Farmiloe, The Home Detectives, Steve Page, Integrity Property Inspections, PM me for email and phone numbers.

For those already investing in commercial or multi-family properties, what strategies have worked best for you?

If anyone familiar with lending law could offer some guidance, I’d greatly appreciate it.Thank you,Mergim That question is worth the opinion of two different contract atorneys in the state the property is in.

So STR loophole there are personal use limitations: To avoid having the property classified as a "residence," which limits your ability to claim rental expenses, your personal use of the property must not exceed the greater of:14 days per year, or 10% of the total days the property is rented at fair market value

Depends on the cap rate for a given property. 

In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing  my total taxable income by $100k. 

Current goal is to buy a rental property in the Ocean City, MD area.

@Michael K. do you have the property yet?

there are 2 liens already on the property - bank and a private lender.What are other recourses1.