There are notes, explanations, and attachments you can provide (through the turbotax software) to disclose the fact that 50% of the total 1098 is being split between both schedules. 

I have a STR agreement attached to every booking on VRBO and AirBNB.

Transparency I’d look to outline, as if I proposed this JV, is clearly indicating whether I am profiting from the construction contract with any markup; how the budget/costs will be billed and transparent; and what the acceptable exit strategies would be (as I don’t know if the private loan has any security attached to it). 

I have numbered my questions below and also attached a very simplified version of a DCF valuation to illustrate my questions.

The ground floor has a family room with access to attached garage, 1 bedroom, .5 bath, laundry and access to modest backyard.

Luckily I have an attached gazebo with simple baseboard heat - lol that and the outdoor pool are the two places the temp is consistent.    

Real property – A manufactured home classified as real property is permanently attached to land, just like a conventional site-built home.

For example, they used to email you property reports as email attachments once a month. 

You can file a debt action in Delaware if you know their address and then file a wage attachment if you know where they work.   

That boils down to production builders basically for instance in PDX metro being at 500k for starter sfr and low 400s for attached HIGH DENSITY..