If your objective is to build passive income, right now RV Campgrounds is probably the best option, delivering 12-15% cash on cash with 2.5-3X equity multiples.

To guarantee compliance and make wise judgements, familiarise yourself with lease agreements, rent stabilisation regulations, and other legislation pertaining to tenants.The presence of rent-stabilized units can impact potential rental income and appreciation.

It seems like STR might be oversaturated but MTRs with travel nurses, other types of medical workers, corporate professionals might be a possibility to cash flow more than LTR, especially if you self-manage.

Toledo has a declining population, low incomes and high poverty rate.

@Angelo CortezMost STRs report income and expenses on an IRS Schedule E (not Schedule C) unless your STR is offering "substantial services"-> for example, concierge services or a butler to guests. 

DSCR Blanket loans are a cool no income no doc product .

It is now rented out to a nice section 8 tenant and I have that income coming in every month.

We are interested in making use of the STR tax strategy to offset our W2 income this year (work 100+ hours, average rental less than 7 days, no one else worked more than us).But1) Can we only keep it as short-term rental for 2024 collecting minimal STR rents and convert it to LTR in the following year (2025).

Likely rental income 3 of the 4 units at $6,500.

I figure carrying a few notes on I/O would allow for stable income and using a few to 1031 can still help me grow.