New Jersey is town by town with regulations. 

From updated tenant rights laws to shifting zoning regulations, staying compliant can feel like a moving target.

So I think I messed up when establishing this LLC and chose for it to be treated as a partnership.

Consult a CPA or real estate attorney to understand tax implications, build a reserve fund for unexpected costs, and research local regulations to ensure a smooth and profitable transition into rental property ownership.Good luck!

I don’t believe any jurisdiction is getting more lax on STR regulation.

As always, some bad actors cause burdensome regulations for everyone else.Per the Akron Cleveland Association of Realtors:"For example, in Cleveland, a local agent in charge must be identified if the property is not owner-occupied.

However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor." 

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

As with most municipalities and jurisdictions, the evolution of the AirBnB market has spawned regulation and restrictions on where, when and how a STR can operate.

The safest way to establish this is with a TOD appraisal.