In the latest offering, I read it is classified as a "publicly traded partnership," which leads me to believe a Schedule K-1 will be involved?

You need ppl who know the comps and they know what the finished product will trade for in the end.  90% of the comps sent to you by those trying to sell you the asset are soooo blown out. 

Costs of set up of Trust, Costs to attorney to set up note, monthly costs to service the mortgage.Just my guess.My thoughts are if you have reached the level of a trade or business, then yes, these costs would be deductible.

@Garrett Brown Yep...we're just trading bad seasons.

I am weary of trading my time for money and wish to be more present for my children while building generational wealth.

Its not Bitcoin of Forex.

To get the best pricing and still do it correctly, you will likely need multiple trades, depending on what the purpose of each chimney is.  

Any time you can avoid adding more trade lines to your credit and increasing your DTI its best.

I strictly use them to trade into places I really want to go and I can never, ever beat the price I pay for a week as compared to normal rentals rates which are three to seven times higher per night.  

The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.