Collecting 2-4 rents for 1 property tends to offset taxes more favorably.  

You didn't do yourself any favors when you mentioned that the new car has all the bells and whistles but do whatever you feel is best as this is a personal decision. 

STR means higher liability and risk for the property owner since it is often associated with higher insurance costs, more transient tenants that are not always viewed favorably by neighbors, as well other issues and risk.

This can be used to eliminate most gains of a long hold highly appreciated rental asset through 1031 + primary resident conversion to establish a more favorable ratio. 

I am HUGELY in favor of treating tenants like people, but that doesn't mean I need to think of the relationship as personal.

The judge granted a judgment for eviction in my favor and I then filed a writ or restitution.

It’s a good idea to review local real estate development compensation norms or even consult with a lawyer to ensure the deal is fair.In your uncle’s case, the terms seem fairly favorable to the engineer if he is only handling the development and not contributing any capital.

I live on Long Island in New York where tenant laws are not favorable for owners and often could encourage squatting. 

Those terms seem to favorably impress people who are unsophisticated in finance as having found the holy grail of wealth accumulation.  

This is the time to call in favors with plumber buddies and or ppl you might know in this field.