That doesn't give them what they need.If it needs a stamp by a licensed Architect or Engineer, that cost would be additional.

You need a great commercial agent on your team, a cpa who specializes in land development, a great architect, a surveyor who can do your short plats, a great dirt and underground utility guy, and a great permit specialist. 

Purchase price: $1,150,000 Cash invested: $300,000 Sale price: $1,628,000 Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read vaulted skylights) that made this property truly one of a kind.

Spent all of last year with the builder and architect going back and forth to get the sqft cost down and finally threw in the towel.  

I would say including architect, engineering and permitting costs, you'd be at about $250,000. 

I used the same basic plan and architect, and the GC is the same one that build that house. 

So in short, the past six months have been quite an adventure, left my day job, started a business, and moving to AR to start my own path as an architect-developer.

They are not owned by the client who hires the architect/engineer.

I'm looking for an architect and a general contractor (not sure if I need more).

Let me explain with example:- Assume I purchase land worth 50K in August 2024, and then hire contractor/architect and spend over 100+ hours discussing the building plans, etc to either construct a SFR home or a Manufactured/Mobile home.- I will also supervise the construction and other related activities (but will NOT build the house myself) .- Let's assume the total cost of construction is 200K (or 150K if it's a manufactured/mobile home).My Question would thus be- Can the STR tax loophole strategy allow me to offset 60% of the 200K amount that I paid towards construction of the home, (or 60% of 150K if it's a Manufactured home)Any success stories with this kind of approach?