I’m not a tax expert. I’m relaying what happened to a hopefully soon to be new host.
Soon to be host was purchasing golf course condo. Intending personal use 6-9 months, short term rentals 12-24 weeks.
HOA could not provide lender with neighborhood breakdown
Owner 2nd home
Since # 2nd home not available, lender assumed all were rentals if not owner occupied, then must be rental. Thus Required financing to be investment property unit second home
When potential new owner first disclosed rental & personal residency plan it was to be 2nd home.
Investment loans are higher interest rate.
Just a warning for anyone considering a purchase