@Andres Felipe Alba Hernandez Yes, neighborhood covenants can sometimes restrict certain activities, including short-term rentals (STRs) or renting out parts of a home, even in areas without a Homeowners Association (HOA).

Mainly how or if you offer them at your STR.

Quote from @Garrett Karnath: Quote from @Jason Wray: Garrett,If you are talking about reducing closing costs including the banks side you can ask the sellers for a "Seller credit" which they can offer up to 6%. 

The seller's refused to reimburse our LLC the home inspection costs.Under these conditions, since our purchase contract includes an "inspection contingency," CAN WE GET OUR MONEY BACK FOR THE HOME INSPECTION THAT REVEALED A PROPERTY IS A FIXER WHEN THE LISTING AND PHOTOS SHOWS THE PROPERTY IS IN MOVE-IN CONDITION?

The fact its in a landbank tells me that it was taken back for some reason, which tells me its likely not a high commercial demand for development, but I could be wrong.If it is "on the main drag" in this town then I'd think doing a new build home to do a targeted and intentional air bnb would be the best bet. 

I would also recommend that you find a CPA that also invests in real estate.Check out the forums for CPAs including this thread. 

My main focus is Class B and maybe some C+ properties around NE Columbus, as well as outside 270 from the North to the east side.

@Chirag Mehta For construction costs, you should be around +/- $100 PSF which would include all sitework, utilities, and going vertical with modern finishes.  

One main regulation I find in Ontario Residencial Tenancy Act section 134 (3) states you cannot make a profit in subletting.

This type of partnership will likely include managing partners and acquisition managers tasked with finding and structuring the deal.