Whichever strategy you choose, ensure you're adhering to IRS rules about prohibited transactions and working with experienced professionals to structure deals properly.Regarding non-recourse hard money lenders in San Antonio, I don’t have specific recommendations.

Readers should seek professional advice.

I would not touch Denver county with a 10 foot pole because of all the regulations they have in place. 

Otherwise, if it was investor owned (not owner occupied) and under rent regulations before you purchased it those rules would still apply.

I’d start with a smaller deal - buy a 6 to 12 unit say - raise money from your social and professional sphere - people who know you - who you have a beer with etc.

These are professionals with additional training and a stricter code of ethics.

Those types of conversations or tactics are now going to be regulated.   

It was recently purchased in December 2024, which aligns with the timing she mentioned on the phone.However, despite all the communication being professional, I’ve had trouble finding additional information about their business online.I’m wondering if I’m being overly cautious, but I want to make sure everything is legitimate and avoid any potential scams.

I just can't stand of regulations those are not possible to be monitored and just being there because of lobbyists.

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?