I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

It's the only way you'll get a good idea of what the market is really doing in your area, and keeps everyone competing to find the best coverage, deductibles, and premiums for your specific account.Hope this is helpful. 

I do not have a specific credit score requirement.

In hindsight I probably should have gotten an additional HVAC-specific inspection and tested the measurements for the actual washer/dryer space.

I wish there was a system for searching for STR specific things but I have only found something like AirDNA to be the closest even though it's far from ideal for that.

They might have insights on specific zip codes or pitfalls to avoid. https://www.biggerpockets.com/forums/521

For clients who purchase fixer-uppers, we can renovate the property to their exact specifications.

Pick one that is commenting on your specific situation and DM them.

I want to preface this by saying I'm an absolute newbie when it comes to real estate investing, but the more books and resources I consume, the more I find myself gravitating towards commercial real estate, specifically hotels!

Upon passing these checks, we can use a state-based lease template or re-use one we've already adapted with our specific lease requirements.