Consult with professionals to develop a personalized investment strategy.Good luck!

Hi Jon,I consulted with a good friend of mine who is a lender and also a real estate investor.

The DOTs position is that we should have consulted with them concurrently in the design phase and because we didnt we took on this risk.

If they can not help you with budget I would move on to a new consultant before you are too deep with them.

If you truly want professional advise to confirm what the other forum is telling you, or to assist with your own research, I would suggest paying for a consultation with a CPA rather than relying on that of a free/public forum. 

I want to thank Rent To Retirement & Zach, who got me a free consultation for.The costs to do this do reduce cash flow as well as the administrative time to file the different returns/reports are real, but it is worth it to reduce liability for the long term. 

Additionally, income from an active business inside of a retirement account will be subject to UBIT (unrelated business income tax), so be sure to consult with a qualified tax professional about the implications. 

Another option is to find a good local architect, civil engineer, or similiar third party consultant to take a look at it and let you know their thoughts on the viability of developing it. 

But I would consult with a CPA that specializes in STR.

As Brian emphasized, consulting with your legal team is crucial in such matters,