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 important to work with a real estate advisor to understand what’s best for your situation and any specific requirements in your local area.

It seems last few years all the established norms went right out the window. 

Do you have one already established for your other properties?

Eliminate debt, establish a budget, and save.

Their capital contribution should be pretty easy to establish as it would be the value of the land.Like I said, I'm not a lawyer and I would suggest you talk to one but this seems logical to me. 

Also looking at Viator (parent co. of Trip Advisor).

I would stop work until an itemized scope of work and cost to completion is established.

Most PMs, especially the well established ones, will not always flex for specific clients like this but it could be an option.hope this helps.

In some cases that's amazing -- one part of the town gov't considers it to be a commercial lodging establishment so it's exempt from STR permitting and regulation.