I am not necessarily scared of the age, but more so weary of the cap ex age and building materials.

Weekly rent averages about $ 175 per week and I provide internet, utilities and a coin-op laundry. 

Additionally, I have access to cabinets, doors, and other materials through trades with a friend and uncle who own 100+ doors between them, but still budgeted funds for replacements if they can't offer some. 

with the market flat, contractors booked up, materials expensive and tremendous competition for deals it is very, very difficult for a new investor at this time.i've used hard money and also bought with cash and then financed the rehab.

I've seen some simple templates circulating the internet and this is nothing alike.

I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!

They used the exact same estimation software for construction labor & materials as my insurance, and got together to agree on the scope before work started.

The high initial ballpark ranges might also be a way to buffer against future increases in labor and material costs.  

Lubbock has a low barrier to entry and has several backup economic drivers by being the primary hub (agriculture, financial, healthcare, material goods, transportation, entertainment) for an area the size of most states east of the Mississippi.

Is there any recommended material I can absorb to help me achieve my goals?