It helps that STRs are more actively managed than LTRs to qualify for being designated a Real Estate Professional.They do this with their individual tax professionals.I have nothing to do with that or the cost segregation studies.

The other 75% of the skills required to be a good developer will have to be learned elsewhere (a good mentor is the best way).These include everything from Zoning/Subdivision/Land Issues to Environmental Issues to Permitting Nuances to Design Issues, plus all the differences in financial analysis.

For example, I have a potential client that has decent unit with a solid location but the decor/furnishings remind of a frat boy out of college meets IKEA/Amazon.A unit like this will suffer from poor design and the reviews will show as well which I do not want affecting my reputation or Super Host status.Do I just decline taking them on if they are not willing to work on it?

Living rent free (again not assuming that is your situation, but guessing many parents with adult children at home don't charge them rent), it can be easy to spend that money and then when you are on your own, having problems budgeting.

I have a good network of service providers for work, design, questions about permits in the local market, etc. if you want to connect.

My parents struggled really hard (and still do) financially so my sister and I are trying to really break out of that mold as adults. 

Seminole for Example has a lot of great traffic and tons of spots to eat, drink, socialize for adults and kids.I know Cape Coral is picking up in terms of STR's with the complettion of the 7 Mile Island and more construction lately. 

For me, this statement is key, "The owner designated you as agent for the purpose (among others) of finding a tenant.

Happy to connect, I'm with a design & architecture firm in Florida.

For more info on the tax incentives, read about Act 20 and Act 22.Additionally, the IRS recently designated almost the entire territory of Puerto Rico as an Opportunity Zone.