We are currently under contract for a property in Davenport, FL. The current STR setup is done under a property management. We are planning to get a second-home loan instead of an investment loan due to favorable mortgage rate. The property has booking up to the end of December. How can we take advantage of these future bookings without jeopardizing lender requirements and material participation? Should we take an investment loan instead?

Can we ask questions on a property in Davenport, FL where our $450K-offer just got accepted? Are we going to benefit more if we apply for an investment loan or a second-home conventional loan? What are the tax implications of each option? I hope you can answer these questions soon as possible since we want to see the numbers first before we make a big decision.