However, I had insurance coverage that I was advised was appropriate and I operated by what I understood landlord/tenant law was and used professionals.

I really liked what I saw and from some basic research, the housing/tenant laws seem to favor the landlord (unlike NYC).

Not all states have adopted the series LLC and there's not much case law. 

If you are looking to invest passively I would suggest looking in the southern/middle part of the country where the price points are much more friendly as well as the landlord laws areas like Memphis, Little Rock, DFW, Houston, SAN or Oklahoma.

Foreclosure attorneys vary by state as each state has specific laws

In fact you may want to be cautious of the inquiry since many states have discrimination laws.

Also, most of them have already had the special assessments  And yet not a month has gone by without a story in the news of that happening again because of the new Fannie Mae condo underwriting guidelines and the new Florida state law on condo reserves.

You want to milk bonus depreciation and STR loophole, with no intention to operate it as an STR after a brief period.I'm certain that it does go against the intention of the law, as discussed in my post linked  earlier.

However they had to have the laws changed in order to operate, which only happened because of a specific set of circumstances involving a huge flood and the owner being friendly with the mayor.

Does your auditor understand the tax law?