He could possibly put a low down on a “primary home” duplex however each subsequent duplex would require 25% down if done in the near term (assuming he sold his primary home which is the best path to accomplish his goals in my opinion).

A lot of the things a mortgage company requires is to protect their financial interests (and subsequently protect you also)....getting title insurance, a survey, an assessment/inspection, and requiring home owner's insurance. 

It’s a large upfront cost but I’ve made that back in the first year and each subsequent year it’s been a return on investment.

Subsequently, I found a reasonably priced unit and proceeded to secure it under contract.

Or could you demonstrate that it was always a short-term rental from the beginning simply based on your listings + the several guest stays in the following year(s) during auditWithout specific guidance, I would take a risk-based approach, and call it an STR if the intent and preponderance of the subsequent actions suggests it from the service date.Is there a tax court case that establishes this?

However, a few of the sponsors I am invested with have since shifted to a 506(c) focus for their subsequent raises.

Not sure how that would work as a 1031 exchange means you are selling one property and exchanging it for another so the 1031 works for the 2nd and subsequent properties but not for the "first".I realize you are learning so just wanted to point that out in a friendly way.

I believe that the notice and my subsequent timely communication and refunding of the payment would handle that issue if it came before a judge.

Subsequent steps include credit assessment and, upon agreement of terms, submission for underwriting.

All bids are to be based on the bidder’s own information and knowledge of the property, learned through his or her own efforts, and not on any representation or comments made by the Committee.The property is being sold free and clear of the lien(s) being foreclosed, and of all interests subsequent in right to that lien.The property is being sold subject to:All taxes due the municipality not foreclosed by this action,Water and sewer use charges not foreclosed by this action,All building and zoning regulations of the municipality which affect this property,All building lines, easements, restrictions and all other matters concerning this property which appear of record,The rights of any person in possession or occupancy of the property who have not been made parties to this foreclosure action,The right of the United States of America to redeem the property, if applicable under Federal law,Any other liens on this property which have not been foreclosed by this action.Further description of the property and further terms of the sale may be obtained from the Committee or from the court file.