I recommend that you engage with a real estate accountant to ensure you set everything up properly. 

Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.

The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.

His focus was on location, tenant demand, and ensuring the property could handle at least a 1.25 DSCR even in a downturn.

The seller can pay for it at closing (the title agent will cut the check to the trade to ensure there is no resulting lien) and provide proof of the replacement to the insurance provider.  

Urban Development land swaps are often used as a strategy to: - Consolidate public land holdings - Acquire important natural or recreational areas - Facilitate development while ensuring community benefitsLand swaps can provide several benefits to communities: - Preservation of open spaces and environmentally sensitive areas - Creation of new public parks or recreational facilities - Protection of wildlife habitats and corridors - Improved land management efficiencyI searched for some Urban examples for reference: 1.

You might need legal advice to ensure this process goes as smoothly as possible.

It's frustrating, but I wanted to pass along the message to ensure this phrase is in your leases if you have items on your property.   

Each property is different, however an engineered cost segregation study typically takes about 4-6 weeks to complete in order to ensure a quality cost segregation study.HOW MUCH MONEY CAN A COST SEGREGATION STUDY SAVE ME?

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.