Do Mid-Term Rentals Qualify for the STR Loophole?

In today's video, Thomas will discuss do mid-term rentals qualify for the STR Loophole?
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[susanlobel]

What if a property is rented short term part of the year and mid term for a smaller part of the year?

[philipliu]

What if you bought a property in December and STR'd it for the rest of the year but then converted to midterm in January? Would it be considered STR for the year it was bought?

[MikeDSchnell]

?? You never said what the STR loophole was!