@Brett Riemensnider You can claim expenses related to your rental property, even with a homestead loan, by allocating costs based on the 75% rental usage.

I am relatively new to the STR and looking for some advice on streaming services.

@Jay Hinrichs thus why I relate to boomers so well lol

If you have a regarded tax entity, e.g. partnership, S Corp, C Corp, you need complete financials -- P&L and balance sheet to adequately prepare the tax returns and answer tax related questions. 

Some attorneys charge for every communication and any contact with your attorney that is not case related may rack up fees to you.

The renovation costs may include a contingency reserve and renovation-related costs.Contingency Reserves:Contingency reserves 10 % required for any unforeseen cost overruns that may occur during construction.Unused contingency reserves that were financed into the loan will be applied to the principal balance of the loan.

If I purchased more expensive homes (relatively speaking) it’s hard to say if the equity gains would be more or less.

But we're also finding a high demand for 1 bedroom relatively inexpensive stays like studio apartments. 

No relation to Stetson from UGA, but I’ll take the connection as a compliment.You’ve posed a great question.

One notable advantage of preferred equity is the relatively lower risk compared to common equity.