I would just take into account that a lower down payment will mean a higher monthly payment so be sure to run the numbers conservatively in order to ensure your STR revenue is able to carry your monthly payment with this higher mortgage cost. 

. $500,000 was tax free due to being married.  

The actual crimes were lower level non REI related. 

Using an insurance and bank loan product, putting $500,000 each year for 10 years so your family gets $2mm tax free each year forever.  

Some of the costs quoted shock even seasoned flippers as they are lower than even material are in many markets. 

And still defers all the tax and depreciation recapture in the 1031 exchange.

But I also love the idea of investing in real-estate and utilizing its tax benefits I have read around 10 ish books or so and the one I am reading right now recommended this site I am looking for some advice of things I can do to either prep for an investment into real estate and or do right now.

It seems like every city, county, and state has its own rules, permits, and tax requirements for short-term rentals, and I’m finding it overwhelming to navigate all the different layers of compliance.For example, some places require business licenses, transient occupancy tax permits, or even special zoning approvals.

(cash flow, tax benefits, potential for appreciation) Whats the timeline?  

I'd assume all vanities, lower cabinets, 3to 5ft of drywall and base will all need replacing.